Daily Forex Analysis ? March 4, 2011

AUDUSD Analysis. Being contained by 1.0199 resistance, AUDUSD formed a sideways consolidation in a range between 1.0085 and 1.0201. The price action in the trading range is more likely consolidation of uptrend from 0.9943, a break above 1.0201 level could trigger another rise towards 1.0400 zone. USDJPY Analysis. USDJPY broke above 82.23 resistance, suggesting that [...]

Source: http://blog.forexcycle.com/5998/daily-forex-analysis-march-4-2011/

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