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AUD/USD (a 4-hour chart of which is shown) as of Wednesday (8/04/2010) just tentatively made a slight breakout above key resistance in the 0.9150 price region, establishing a new 3-month high, before pulling back. This occurs after price consolidated just below that resistance level for the last couple of days. For more AUD/USD technical analysis, please click here.

James Chen, CTA, CMT