Forex: AUD/USD Technical Analysis – 0.94 Figure in the Crosshairs

DailyFX

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices turned lower as expected after putting in a Bearish Engulfing candle pattern
  • A break of rising channel support set from mid-Sep has exposed 0.9409 (38.2% Fib)
  • Back above the channel bottom (0.9490) eyes the 0.9522-42 area (Sep top, 23.6% Fib)

Confirm your chart-based trade setups with the Technical Analyzer.

View photo

.
dailyclassics_aud-usd_body_Picture_11.png, Forex: AUD/USD Technical Analysis – 0.94 Figure in the Crosshairs

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

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.

View Comments