Forex Analysis: AUDUSD Classic Technical Report 11.07.2012
Prices broke resistance at 1.0410, with buyers now targeting long-term falling trend line resistance at 1.0505. A push above that initially exposes 1.0578. The 1.0410 level has been recast as near-term support, with a drop back below that exposing a rising trend line support at 1.0348.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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