| AUD/USD - Bullishness Targets Highs Posted: 08 Sep 2010 11:52 AM PDT  Price action on AUD/USD (a 4-hour chart of which is shown) as of Wednesday (9/08/2010) has resumed its bullish stance, after a bearish pullback, to approach the last major resistance high around 0.9220 reached in early August. This occurs within the context of a general uptrend extending from the June low. For more technical analysis on this currency pair, please click here for Wednesday’s (9/08/2010) 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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