Forex Analysis: AUD/USD Classic Technical Report 01.04.2013

Ilya Spivak

Prices are turning lower after retesting Rising Wedge support-turned-resistance (1.0517).Rising trend line support is at 1.0359. A drop below that targets a multi-month range bottom at 1.0173. Alternatively, a reversal above resistance aims for the range top at 1.0578.


Forex_Analysis_AUDUSD_Classic_Technical_Report_01.04.2013_body_Picture_1.png, Forex Analysis: AUD/USD Classic Technical Report 01.04.2013
Forex_Analysis_AUDUSD_Classic_Technical_Report_01.04.2013_body_Picture_1.png, Forex Analysis: AUD/USD Classic Technical Report 01.04.2013

Daily Chart - Created Using FXCM Marketscope 2.0




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


To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak


To be added to Ilya's e-mail distribution list, please CLICK HERE


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.