AUD/USD Technical Analysis 05.06.2013


AUD/USD Technical Analysis– Prices are testing support at 1.0246, the 38.2% Fibonacci expansion. This barrier is reinforced by the bottom of a falling channel set from mid-April. A break below that exposes the 50% level at 1.0204. Channel resistance is at 1.0360, with a turn above that aiming for the April 30 high at 1.0384.

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Forex_AUDUSD_Technical_Analysis_05.06.2013_body_Picture_5.png, AUD/USD Technical Analysis 05.06.2013

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