AUDUSD Classic Technical Report 08.23.2012
Prices remain wedged between the 1.05 figure and the bottom of a rising channel set from early June, now at 1.0432. A break higher aims to challenge a trend-defining falling trend line set from the July 27 2011 high, now at 1.0595. Alternatively a reversal through channel support initially exposes 1.0328.
Daily Chart - Created Using FXCM Marketscope 2.0
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