AUD/USD (a 4-hour chart of which is shown) as of Thursday (7/22/2010) has broken out above the 0.8850 triple top high that was described yesterday . After breakout, price rose around 100 pips above the breakout at its height, as of this writing, with key upside resistance at 0.9000 clearly in sight. For more AUD/USD technical analysis, please click here.
(Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; chart patterns in white; 50-period simple moving average in light blue.)
James Chen, CTA, CMT