{"id":29388,"date":"2012-04-30T20:24:13","date_gmt":"2012-05-01T00:24:13","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/04\/audusd-is-facing-trend-line-support\/"},"modified":"2012-04-30T20:24:13","modified_gmt":"2012-05-01T00:24:13","slug":"audusd-is-facing-trend-line-support","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/04\/30\/audusd-is-facing-trend-line-support\/","title":{"rendered":"AUDUSD is facing trend line support"},"content":{"rendered":"<p>AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, we\u2019d expect uptrend to resume, and another rise to 1.0550 is still possible. However, a clear break below the trend line will indicate that a cycle top has been formed at 1.0474, and the uptrend from 1.0246 has completed, then the following downward movement could bring price back to re-test 1.0225 previous low support.<\/p>\n<p><img decoding=\"async\" alt=\"audusd\" src=\"http:\/\/blog.forexcycle.com\/wp-content\/uploads\/2012\/05\/20120501_audusd_1.gif\" align=\"none\"><\/p>\n<p><a target=\"_blank\" title=\"\" href=\"http:\/\/www.forexcycle.com\/\">Daily Forex Analysis<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>AUDUSD is facing the support of the upward trend line on 4-hour chart. As long as the trend line support holds, we\u2019d expect uptrend to resume, and another rise to 1.0550 is still possible. However, a clear break below the trend line will indicate that a cycle top has been formed at 1.0474, and the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/04\/30\/audusd-is-facing-trend-line-support\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;AUDUSD is facing trend line support&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29388","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/29388","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=29388"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/29388\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=29388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=29388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=29388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}