AUD/USD Technical Analysis 04.18.2013

DailyFX

AUD/USD Technical Analysis– Prices turned lower as expected, with sellers now testing support at 1.0293 marked by the 61.8% Fibonacci retracement. A break below that aims for the 76.4% Fib at 1.0224. Near-term resistance is at 1.0348, the 50% level, with a recovery back above that targeting the 38.2% retracement at 1.0403.

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Forex_AUDUSD_Technical_Analysis_04.18.2013_body_Picture_5.png, AUD/USD Technical Analysis 04.18.2013

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

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