As the AUDUSD nears its 2009 high, the bearish short term pattern is called into question. Potential for a breakout exists as long as the AUDUSD is above .8151. A potential target is the 78.6% of the decline from .9856, just above .9000. This level intersects potential trendline resistance on the same day that the EURUSD resistance line intersects its 78.6% retracement (end of September).
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