AUDUSD Classic Technical Report 07.19.2012


Prices are approaching resistance at 1.0455, the top of a rising channel set from early June. The barrier is reinforced by the 50% Fibonacci expansion at 1.0474, with a break above the latter boundary exposing the 61.8% level at 1.0562. Near-term support lines up at 1.0328, the July 5 high, followed by the 23.6% Fib at 1.0276.

View photo

AUDUSD_Classic_Technical_Report_07.19.2012_body_Picture_5.png, AUDUSD Classic Technical Report 07.19.2012

8hr Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to

View Comments (0)