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FX.co ★ AUDUSD Point and Figure Chart for September 5, 2012

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Forex Analysis:::2012-09-05T07:32:11

AUDUSD Point and Figure Chart for September 5, 2012

AUDUSD (503 chart)
On 503 chart the pair is close to the uptrend line 1.02.
We expect that AUDUSD will resume the upward movement to the resistance level of 1.06.
If the sellers will manage to overcome the resistance level of 1.02, it will be possible to reach the support level of 1.01.

AUDUSD Point and Figure Chart for September 5, 2012

AUDUSD (303 chart):
The currency pair is demonstrating the downward movement on 303 chart.
Now it is very risky to sell the pair because of the upward move seen on 503 chart.
Wait for breakout of the support level of 1.01 to sell the pair.

AUDUSD Point and Figure Chart for September 5, 2012

AUDUSD (203 chart)
On 203 chart the pair is heading towards the support level of 1.018 from where fall towards 1.054 resistance level is expected.
Now we have a great outlook for buying this pair.

AUDUSD Point and Figure Chart for September 5, 2012

AUDUSD (103 chart)
103 chart demonstrates that the pair is going to start an ascending move (a significant price deviation from the downward trend signifies about it).
The most suitable buy point is the breakout of 1.028 resistance level.


AUDUSD Point and Figure Chart for September 5, 2012

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