Forex: AUD/USD Technical Analysis – Aussie Rebounds as Expected

Ilya Spivak


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Talking Points


  • Prices advanced as expected after showing a bullish Morning Star candle pattern
  • Breaking above resistance at 0.9170 (23.6% Fib ret.) targets 0.9282 (38.2% Fib ret.)
  • Near-term support is at 0.8988, the December 6 swing low


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dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Aussie Rebounds as Expected
dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Aussie Rebounds as Expected

Daily Chart - Created Using FXCM Marketscope 2.0




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


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