AUDUSD Classic Technical Report 08.20.2012
Prices are testing support at the bottom of a rising channel set from early June (now at 1.0395). A break downward initially exposes 1.0328. Near-term resistance is in the 1.0443-1.05 area, with a push above that targeting a long-term falling trend line set late July 2011, now at 1.0599.
Daily Chart - Created Using FXCM Marketscope 2.0
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