Price action on AUD/USD, a daily chart of which is shown, has made yet another bullish push within the context of a continuing uptrend support line extending from the early February low. This bullishness occurs despite a slight dip below the trendline on Monday that ultimately failed to close below the line. Currently, the key upside resistance barrier to watch continues to reside around the 0.9400 long-term high price region. For more technical analysis on this currency pair, please click here for Tuesday’s (4/20/2010) Chart of the Day.

- James Chen, CTA, CMT

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