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    AUDUSD breaks above 1.0443 resistance

    by
    ForexCycle.com
    , 07-29-2012 at 10:02 PM (Free Forex Market Analysis)
    AUDUSD breaks above 1.0443 previous high resistance, and continues its upward movement from 0.9581 (Jun 1 low). Further rise could be expected over the next several days, and the target would be at the upper line of the price channel on 4-hour chart. Support is at 1.0400, only break below this level could signal completion of the short term uptrend from 1.0176.



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