Wednesday, November 7, 2012

Forex Analysis: AUD/USD Bullish Breakout Continues Month-Long Uptrend

AUD/USD (daily chart) has made a bullish breakout above key 1.0400 resistance and established a new 6-week high in the process. This occurs during a month-long uptrend extending back to the early October re-test of the important 1.0150 support level. This also occurs within the context of a 4-month sideways trading range, where price has
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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