{"id":16222,"date":"2010-12-03T10:30:32","date_gmt":"2010-12-03T15:30:32","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16222"},"modified":"2010-12-03T10:30:32","modified_gmt":"2010-12-03T15:30:32","slug":"audusd-to-continue-upward-movement","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/03\/audusd-to-continue-upward-movement\/","title":{"rendered":"AUD\/USD to Continue Upward Movement"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong> &#8211; After falling from a new high the Aussie dollar appears to have finished a correction to the intermediate trend line.<\/p>\n<p>Looking to the daily chart of the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/aud-usd\">AUD\/USD<\/a>,  the intermediate trend line (1) has taken the pair from a June low to a  new record high in early November. After reaching a new all-time high  of 1.0181 (2) the pair has corrected to the <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/10\/29\/audusd-%e2%80%93-trading-on-news-events\/\">intermediate trend line <\/a>which coincides with the pair\u2019s low of 0.9535 (3).<\/p>\n<p>A short term downward sloping trend line (4) has been drawn off of  the recent highs. This trend line was breached during today\u2019s European  trading session.<\/p>\n<p>We can expect resistance to come in at 0.9950 (5) along with the all-time high of 1.1081 (2).<\/p>\n<p>Should the upward trend fail to materialize, support is found at the double top of last November at 0.9400.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/AUDUSD.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/12\/AUDUSD.JPG\" alt=\"\" width=\"565\" height=\"571\" \/><\/a><\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                                                                                 may         not       be                            suitable             for             all                                             investors.                         There                is      a                                                                             possibility                           that                                        you                      could                                  sustain  a              loss                   of         all                  of                  your                                                                    investment         and                                                         therefore        you                                             should              not                                 invest                                  money              that               you                                              cannot                             afford    to                                      lose.           You                                          should               be                        aware             of                              all                    the                 risks                                                        associated                      with                           Foreign                                        Exchange                                           trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Looking to the daily chart of the AUD\/USD, the intermediate trend line (1) has taken the pair from a June low to a new record high in early November. After reaching a new all-time high of 1.0181 (2) the pair has corrected&#8230;<\/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-16222","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=16222"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16222\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}