| AUD/USD - Potential Upside Break Posted: 09 Nov 2010 08:38 AM PST  Price action on AUD/USD (a 4-hour chart of which is shown) as of Tuesday (11/09/2010) has consolidated near the multi-decade highs just below key 1.0200 resistance, and appears poised for a potential breakout to the upside. In this event, the key level to watch is 1.0200, a breakout above which price action will have confirmed an uptrend continuation. For more technical analysis on this currency pair, please click here for Tuesday’s (11/09/2010) 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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