Price action on AUD/USD (a daily chart of which is shown) as of Friday (1/14/2011) has once again resumed its bearish positioning after having broken down below a key parallel uptrend channel extending back to the June lows, and then retracing back up slightly above parity. For more technical analysis on this currency pair, please click here for Friday’s (1/14/2011) Chart of the Day.
James Chen, CTA, CMT
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