Forex Forum

Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on March 22, 2010, 11:14:50 am

Title: Chart of The Day: AUD/USD
Post by: pranjali on March 22, 2010, 11:14:50 am
Chart of The Day: AUD/USD
         


Price action on AUD/USD, a daily chart of which is shown, has tentatively broken down below a key medium-term uptrend line extending from the early February low. This occurs after price failed to reach 0.9325 area resistance in its prior bullishness. The tentative trendline breakdown places the pair firmly within...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/chart-of-the-day%3a-aud%10usd-20100322109398/