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AUDUSD stays in a trading range between 1.0149 and 1.0274
Wednesday, October 10, 2012 19:42
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AUDUSD stays in a trading range between 1.0149 and 1.0274, as long as the trend line resistance holds, the price action in the range is treated as consolidation of the downtrend from 1.0624, another fall to 1.0000-1.0100 area is still possible after consolidation. However, a clear break above the trend line resistance will indicate that the fall from 1.0624 has completed at 1.0149 already, then the following upward movement could bring price back towards 1.0624 previous high.
