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January 28th, 2009, 3:45 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

AUDUSD breaks above 0.6656 resistance, suggesting that a short term cycle bottom has been formed at 0.6418 level on 4-hour chart. Further rally could be seen to retest 0.6840 medium term resistance. A break above this level will signify the the downtrend from 0.7267 has completed.

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

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