Forex: AUD/USD Technical Analysis – Bullish Reversal in the Works?

Ilya Spivak

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

Talking Points

  • Positive RSI divergence hints at a bounce as prices test 0.8963 (50% Fib exp.)
  • Breaking above resistance at 0.8991 (38.2% Fib) exposes 0.9058 (23.6% Fib)
  • Reversing below support targets 0.8882 (61.8% Fib)

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

dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Bullish Reversal in the Works?
dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Bullish Reversal in the Works?

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.