Forex Analysis: AUD/USD Classic Technical Report 12.27.2012


Prices declined as expected after putting in a Harami candlestick pattern below multi-month range resistance at 1.0578. The pair is now stalling above the 50% Fibonacci retracement at 1.0366. A break below that aims for the 61.8% level at 1.0315. Near-term resistance is at 1.0418, the 38.2% Fib, with a reversal above that aiming for the 23.6% retracement at 1.0482.

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Forex_Analysis_AUDUSD_Classic_Technical_Report_12.24.2012_body_Picture_1.png, Forex Analysis: AUD/USD Classic Technical Report 12.27.2012

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--- Written by Ilya Spivak, Currency Strategist for

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