AUDUSD Daily Analysis of 26 August 2010

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AUDUSD Analysis.
Downtrend to AUDUSD still going on from 0.9079 and the fall is expected to 0.8771. Resistance from 0.9079 to 0.8981 as long as the AUDUSD will hold but it will continue to 0.8700. In 4 hour chart there is a trend line in which resistance can hold and give a indication to make a uptrend to the previous high 0.9221



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[viki]

AUDUSD Analysis.
After touching the falling trend line from 0.9079 to 0.8981, AUDUSD pulled back from 0.8917. Now the fall from 0.8917 could possibly be resumption of downtrend, another fall to 87.00 is possible. Key resistance is at 0.8917, a break above this level could indicate that the fall from 0.9079 is complete, then the following uptrend could bring price back towards 0.9221 previous high.