Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Wednesday, April 8, 2009

AUDUSD Monthly Technical Forecast

The longer term downtrend is expected to resume soon. What is unclear is whether or not weakness resumes before a push above .7275. A push there .7275 could complete a complex correction from .60. If the AUDUSD does exceed .7275, then there is potential resistance at .7566; the 100% extension of the rally from .6005-.7275.

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