AUD/USD Technical Analysis 04.05.2013


AUD/USD Technical Analysis– Prices pulled back from resistance at 1.0483, the 76.4% Fibonacci retracement, to challenge the 61.8% level at 1.0413. A break below that targets the 1.0355-65 area. Alternatively a reversal above resistance eyes the multi-month range top at 1.0597. We continue to hold long for now.

View photo

Forex_AUDUSD_Technical_Analysis_04.05.2013_body_Picture_5.png, AUD/USD Technical Analysis 04.05.2013

Daily Chart - Created Using FXCM Marketscope 2.0

Want to back-test your technical trading strategy? Download the historical data here.

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View Comments (0)