| AUD/USD Establishes 3 Month High Posted: 04 Aug 2010 09:05 AM PDT Price action on AUD/USD (a 4-hour chart of which is shown) as of Wednesday (8/04/2010) just tentatively made a slight breakout above key resistance in the 0.9150 price region, establishing a new 3-month high, before pulling back. This occurs after price consolidated just below that resistance level for the last couple of days. For more technical analysis on this currency pair, please click here for Wednesday’s (8/04/2010) 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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