AUDUSD break above 0.7014 key resistance

Posted by admin on December 18th, 2008 at 06:59am

AUDUSD break above 0.7014 key resistance, suggesting that the long term downtrend from 0.9849 (July 15 high) has completed. Further rise is expected to 0.7500 zone in next several days. Near term support is now at 0.6700 and followed by 0.6486.

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