Forex Analysis: AUDUSD Classic Technical Report 11.06.2012
Prices are testing above resistance at 1.0410, with a confirmed breakout on a daily closing basis targeting long-term falling trend line resistance at 1.0507. A push above that initially exposes 1.0578. Rising trend line support is at 1.0343, with a drop below that targeting 1.0173.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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