By
James Chen |
Technical Analysis | Aug 10, 2010 02:52PM GMT |
AUD/USD (a 4-hour chart of which is shown) broke down below a key uptrend support line on Monday, much like
EUR/USD did during early Asian trading hours on Tuesday. In the case of
AUD/USD, its uptrend line is a considerably precise and well-formed one that extends back to the double-bottom low hit in early July.
James Chen, CTA, CMT
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