0 votes vote | Click to vote

AUDUSD rebounds sharply from 0.6340 level

13 Nov, 2008 @ 08:08 pm ET | written by Forex Cycle


AUDUSD rebounds sharply from 0.6340 level, suggesting that a short term cycle bottom has been formed. Further rally is expected to retest 0.7014 previous high resistance, a break of this level will indicate that the fall from 0.9849 (July 15 high) has completed. Key support is now located at 0.6340, below this level will signal deeper decline below 0.6008 level.

For more forex information, go to www.forexcycle.com

Sponsored Articles:

  • Size: t1 t2 t3
  • Print: print
  • Email: email
 
IBTimes.com Web
Partners
International Business Times© 2009 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives