AUDUSD: A Return Above The 0.9404 Level On The Cards

AUDUSD: A Return Above The 0.9404 Level On The Cards
         

Having printed two rejection candles to reverse and close higher last week, its immediate risk remains higher for a recapture of its 2010 high at 0.9387 and eventually its 2009 high at 0.9404. AUDUSDÂ’s medium-term rising trendline now at 0.9126 adds further evidence to its upside case. The pair will...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/audusd%3a-a-return-above-the-0.9404-level-on-the-cards-20100426111759/