Daily Forex Analysis ? April 11, 2011

AUDUSD Analysis. AUDUSD rose strongly to as high as 1.0581. Support is now at 1.0500, as long as this level holds, uptrend could b expected to continue, and next target would be at 1.0700 zone. However, below 1.0500 will indicate that a cycle top has been formed on 4-hour chart, then consolidation of uptrend could [...]

Source: http://blog.forexcycle.com/6188/daily-forex-analysis-april-11-2011/

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