Forex: AUD/USD Technical Analysis – Selloff Stalls Above 0.94

Ilya Spivak


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
  • Support is now at 0.9409 (38.2% Fib); breaking below that targets 0.9302 (50% Fib)
  • Above 0.9498-542 (channel bottom, Sep top, 23.6% Fib) exposes the 0.9600 Figure


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


dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Selloff Stalls Above 0.94
dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Selloff Stalls Above 0.94

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.