Though technically still entrenched within a sideways consolidation, AUD/USD (a daily chart of which is shown) has displayed a marked bullishness since the early February low. This bullishness has prompted the pair to rise above several key resistance levels to the point where the 15-month high just above 0.9400 is not far off. For more technical analysis on this currency pair, please click here for Wednesday’s (3/10/2010) Chart of the Day.
- James Chen, CTA, CMT
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