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AUD/USD (a 4-hour chart of which is shown) as of Monday (7/26/2010) morning has just closely approached its key bullish resistance target of 0.9000, the potential for which was noted in last week's AUD/USD analysis. This reach towards resistance, which establishes a new 2+ month high ... For more AUD/USD technical analysis, please click here.

James Chen, CTA, CMT