| AUD/USD - Breakdown Plummet Posted: 19 May 2010 08:24 AM PDT  Substantially bearish price action on AUD/USD, a daily chart of which is shown, has finally broken down significantly below the sideways trading range that has characterized this currency pair since late 2009. This occurred today with a clean and swift breakdown below the 0.8600 price region, establishing a new 8-month low in the process. For more technical analysis on this currency pair, please click here for Wednesday’s (5/19/2010) Chart of the Day.
James Chen, CTA, CMT * For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
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