AUD/USD Technical Analysis– Prices drifted higher as expected to challenge support-turned-resistance at 0.9325, the June 11 swing low. A break higher above this barrier exposes a falling range top at 0.9414 and the 23.6% Fibonacci retracement at 0.9486. Initial support is at 0.9147, the June 24 low.
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