| AUD/USD - Trading Range Resistance Posted: 13 Jul 2010 07:25 AM PDT Price action on AUD/USD, a 4-hour chart of which is shown, has once again tested upside resistance within the context of the current horizontal trading range. Resistance on this trading range resides in the 0.8790 price region, while support resides around 100 pips lower in the 0.8690 price region. For more technical analysis on this currency pair, please click here for Tuesday’s (7/13/2010) 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. * For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here. * For information on my new book, Essentials of Technical Analysis for Financial Markets (Wiley), please click here.  
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