AUDUSD continued its downward move yesterday, and the fall extended to as low as 0.9663. Resistance remains at he downward trend line on 4-hour chart, as long as the trend line resistance holds, downtrend could be expected to continue after a minor consolidation, and next target would be at 0.9600 area, only a clear break above the trend line could indicate that the fall is complete.

AUD/USD

Source http://www.fxstreet.com/technical/analysis-reports/short-term-analysis/2011-11-24.html



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