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.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail email@example.com. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
- Investment & Company Information