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FX.co ★ AUD/USD Survey according to the Point and Figure Charting for March 20, 2012

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Forex Analysis:::2012-03-20T06:56:43

AUD/USD Survey according to the Point and Figure Charting for March 20, 2012

Having overcome the strong resistance level 1.056, the AUD/USD pair continues the ascending movement. The strong resistance level 1.066, where the main line of the downwards trend is drawn is still considered as the main target.

If the purchasers are able to pass through the resistance level 1.066, the main tendency will change to uprising one and the way to the point 1.080 will open.

Today it is recommended to buy the AUD/USD pair but only after the breakdown of the resistance level 1.066 with 1.080 seen as the first objective.

AUD/USD Survey according to the Point and Figure Charting for March 20, 2012

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