AUD/USD Technical Analysis– Prices are descending toward support is at 0.9415, the 23.6% Fibonacci expansion, with a break beneath that targeting the 38.2% level at 0.9260. Near-term trend line resistance is at 0.9668. A move above that targets a larger downward-sloping barrier at 0.9894.
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