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Forex Technical Update AUD/USD Looking at 0.81

Daily \ Fan Yang \ 9:52 AM EST \ June 30th, 2010
fyang
Forex Technical Update
June 30, 2010
AUD/USD Looking at 0.81
ftu_063010_audusd
  • Daily and 1H: The AUD/USD slid sharply yesterday, paused during the previous Asian session, but started to slide again just ahead of the US session.
  • The daily shows that a slide can find some support at 0.81, the previous low in June and May.
  • Before that, we see that the current swing can be projected towards 0.83. This is a counter-trend breakout approach using a 100% swing projection.

Fan Yang
Currency Analyst
Commodity Trading Advisor

Information and opinions contained in this report are for educational purposes only and do not constitute an investment advice. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness. FXTimes will not accept liability for any loss of profit or damage which may arise directly, indirectly or consequently from use of or reliance on the trading set-ups or any accompanying chart analyses.

All screenshots are made from VT Trader 2.0 and are of actual market data at the time of the screenshot.

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