Daily Forex Analysis – July 9, 2008

20080709_audusd_1.gifAUDUSD Analysis.
AUDUSD is testing the key support at 0.9493, a break below this level will indicate that the up trend from 0.9327 (June 12 low) has completed, and signal a further decline to 0.9200 area. However, as long as the pair stays above 0.9493, we’d expect up trend to resume, and one more rise above 0.9667 is still possible.

For long term forex analysis.

Get Your Free Elliott Wave Tutorial Now!

See also:
Forex Articles
Forex Reviews
Powerful Profit System
Automate Your Trading Profits
Boost your Profit to Extreme