Daily Forex Analysis ? April 14, 2011

AUDUSD Analysis. AUDUSD traded in a narrow range between 1.0389 and 1.0581. The price action in the range is likely consolidation of uptrend from 0.9704. As long as 1.0389 support holds, we’d expect uptrend to resume, and one more rise towards 1.1000 is still possible. However, a breakdown below 1.0389 will indicate that the upward [...]

Source: http://blog.forexcycle.com/6209/daily-forex-analysis-april-14-2011/

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