AUD/USD Technical Analysis 03.28.2013

DailyFX

AUD/USD Technical Analysis– Prices are recoiling from resistance at 1.0483, the 76.4% Fibonacci retracement. Initial support is at 1.0412, the 61.8% level, with a break below that targeting the 1.0355-65 area. Alternatively, a push above resistance aims for the multi-month range top at 1.0597. We continue to hold long.

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Forex_AUDUSD_Technical_Analysis_03.28.2013_body_Picture_5.png, AUD/USD Technical Analysis 03.28.2013

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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