| AUD/USD - Consolidation After Large Gap Posted: 22 Jun 2010 07:37 AM PDT  Price action on AUD/USD, a daily chart of which is shown, has consolidated after a very substantial gap opened the trading week. Monday's (6/21/2010) price action opened around 100 pips above the prior week's close, but quickly pulled back and began filling the gap. Tuesday morning's (6/22/2010) price action, as of early New York session, has continued to consolidate within the gap. This all occurs after a large double-bottom pattern was confirmed on a breakout above the pattern's 0.8550 peak. For more technical analysis on this currency pair, please click here for Tuesday’s (6/22/2010) Chart of the Day.
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