Forex: AUD/USD Technical Analysis – Working to Pierce 0.92

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Talking Points

  • Prices are testing through support at 0.9202 (50% Fib expansion)
  • Breaking lower on a daily closing basis exposes 0.9145 (61.8% Fib exp.)
  • Resistance is at 0.9260 (38.2% Fib); above that targets 0.9332 (23.6% Fib)

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dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Working to Pierce 0.92

Daily Chart - Created Using FXCM Marketscope 2.0

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

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