Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex Trading: AUDUSD holds the line. Bounces.

Posted by Greg Michalowski on Thu, 08/14/2008 - 10:41am in

AUDUSD

As per the previous post, (click here) the AUDUSD tested the hourly trendline currently at 0.8717 level, and had a low of 0.8717. A break of the line is needed to solicit additional selling.

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