AUDUSD Technical Update – Aussie Finds Initial Support At Key Price Pivot

The AUDUSD pair closed last week above the key longer term prior resistance area, around 0.9400. The weekly chart below shows that this area held as resistance in 2009/2010 and subsequently became support in 2011 – a long term support to resistance price pivot zone. …

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AUDUSD Technical Update – Aussie Finds Initial Support At Key Price Pivot