AUD/USD Technical Analysis – Bulls Try for 0.95 Again

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

• Prices rose as expected after forming a Bullish Engulfing pattern at support near 0.89

• A close above resistance at 0.9430 (23.6% Fib) would expose 0.9523 (38.2% Fib)

• Near-term support is at 0.9284 (38.2% Fib retracement); we continue to holdlong

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_aud-usd_body_Picture_9.png, AUD/USD Technical Analysis – Bulls Try for 0.95 Again

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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.