Forex: AUD/USD Technical Analysis – Channel Top Caps Rebound

Ilya Spivak


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Talking Points


  • A Shooting Star candle below resistance at 0.9409 (38.2% Fib ret.) warns of a turn lower
  • Breaking below 0.9302 (50% Fib) eyes 0.9195 (61.8% Fib), negates bullish Piercing Line setup
  • Closing above 0.9409 exposes the next upside barrier at 0.9542 (23.6% Fib)


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


dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Channel Top Caps Rebound
dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Channel Top Caps Rebound

Daily Chart - Created Using FXCM Marketscope 2.0




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


Contact and follow Ilya on Twitter: @IlyaSpivak


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