| AUD/USD - Still Riding Strong Uptrend Posted: 23 Sep 2010 09:31 AM PDT  Price action on AUD/USD (a 4-hour chart of which is shown) as of Thursday (9/23/2010) has made a bearish correction back down to support in the 0.9465 price region, which is also around the bottom of a steep parallel uptrend channel extending back to the August lows, after hitting a high right around the 0.9600 price region on Wednesday. For more technical analysis on this currency pair, please click here for Thursday’s (9/23/2010) 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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