AUDUSD Analysis, Daily Forex Analysis, August 24th 2010

24 August 2010 @ 05:56 am EDT

AUDUSD remains in downtrend and the bounce from 0.8841 is more likely correction of downtrend. Another fall to 0.8700-0.8800 area is expected in a couple of days. Resistance is at 0.8980, only break above this level will indicate that lengthier consolidation of downtrend is underway, then further rally could be seen to 0.9050 zone.

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