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AUD/JPY (a daily chart of which is shown) as of Thursday (8/26/2010) has formed a large and clear triangle consolidation pattern bisected by a key support/resistance level at 76.00.  This occurs after three weeks of general bearishness that dropped price down from the very top of the triangle to its current position near the very bottom. For more AUD/JPY forex technical analysis, please click here.

James Chen, CTA, CMT