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March 18th, 2010, 4:12 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD’s upward movement extends to as high as 0.9250 and remains in uptrend. However, now the pair is facing the upper border of the price channel on 4-hour chart, minor consolidation is expected later today. As long as the channel support holds, another rise to 93.00 could be seen after consolidation, a break above 0.9250 could signal resumption of uptrend.

audusd

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forexcycle Forex Cycle. See more Forex Analysis from forex cycle.

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