| AUD/USD - Bias Remains to the Upside Posted: 05 Nov 2010 09:18 AM PDT  Price action on AUD/USD (a 4-hour chart of which is shown) as of Friday (11/05/2010) has continued to display its bullish intent on the heels of this week's FOMC and Non-Farm Payrolls announcements. This bullish march appears intent on reaching yet higher record highs. After breaking out cleanly above parity (1.0000) and establishing a multi-decade high this week, price went on to approach 1.0200, which is around a key 161.8% Fibonacci extension level. For more technical analysis on this currency pair, please click here for Friday’s (11/05/2010) Chart of the Day.
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