Forex: AUD/USD Technical Analysis – Candles Point to Rebound

DailyFX

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

Talking Points

  • Prices put in a bullish Piercing Line candle pattern, hinting at gains ahead/
  • Above 0.8819-58 (former support, 14.6% Fib exp.) eyes 0.8918 (23.6% Fib exp.)
  • Near-term support is at 0.8659 (Jan 24 swing low)

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

View photo

.
dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Candles Point to 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

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 (0)