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AUDUSD continues its upward movement
Thursday, September 13, 2012 19:39
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After a minor consolidation, AUDUSD continues its upward movement from 1.0167 and the rise extends to as high as 1.0577. Further rise to test 1.0612 previous high resistance could be expected, a break above this level will signal resumption of the longer term uptrend from 0.9581 (Jun 1 low), then next target would be at 1.0800 area. Support is now located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend will continue.
