AUD/USD Technical Analysis– Prices broke above resistance at 1.0330, the 23.6% Fibonacci expansion, eyeing the 38.2% level at 1.0399. A further push above that exposes the 50% Fib at 1.0454. The 1.0330 has been recast as near-term support, with a reversal back beneath that eyeing the April 23 low at 1.0220.
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
- Finance Trading
- Basic Materials Industry