AUDUSD: AUDUSD is currently seen under pressure after failing to follow through higher on its Tuesday gains today. This development puts the immediate risk to the downside but while the pair trades and holds above the 0.8999 level, its Mat 26'10 low and its LT rising trendline at 0.8987, the pair retains its broader medium term uptrend. Resistance starts at the 0.9250/0.9277 levels, its Mar 17'10/Jan 18'10 highs with a break of there turning attention to the 0.9327 level, its Jan 14'10 high and ultimately, its 2009 high located at 0.9401. On the other hand, a complete invalidation of the 0.8999 level, its Mat 26'10 low and its LT rising trendline at 0.8987 will have to occur to reverse our bullish view on pair and turn downside risk towards the 0.8798 level, its Feb 25'10 low.On the whole, AUDUSD remains biased to the upside medium term while maintaining above the 0.8999/87 levels.

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