Dollar-strengthening price action on AUD/USD has once again descended back down to a key uptrend support line extending from the March lows. This line has already been touched three times since its inception, and the current bearishness has created a fourth. For more technical analysis on this currency pair, please click here for Thursday’s (7/02/2009) Chart of the Day.
- James Chen, CTA, CMT
* I will be key speaker at FXstreet.com’s International Traders Conference in Barcelona, Spain in October 2009 - for more information, please go to: www.traders-conference.com .
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