AUD/USD Technical Analysis 04.24.2013

Ilya Spivak
April 24, 2013

AUD/USD Technical Analysis– Prices turned lower as expected, with sellers now testing support at 1.0224 marked by the 76.4% Fibonacci retracement. A break below that aims for the multi-month range bottom at 1.0181. Near-term resistance is at 1.0293, the 61.8% level, with a recovery back above that targeting the 50% retracement at 1.0348.

Forex_AUDUSD_Technical_Analysis_04.24.2013_body_Picture_1.png, AUD/USD Technical Analysis 04.24.2013
Forex_AUDUSD_Technical_Analysis_04.24.2013_body_Picture_1.png, AUD/USD Technical Analysis 04.24.2013

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

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