AUD/USD Technical Analysis- Prices are testing below support at 1.0314, the 23.6% Fibonacci retracement. A break downward aims for the 14.6% Fibat 1.0280 and the February 12 low at 1.0226. Near-term resistance is at 1.0369, the 38.2% level. A move back above that eyes rising trend line support-turned-resistance at 1.0423.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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