Forex: AUD/USD Technical Analysis – Buyers Clear 0.93 Figure

Ilya Spivak

Wed, Sep 11, 2013, 6:28 AM

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Talking Points

Prices rose as expected after forming a Bullish Engulfing pattern at support near 0.89
Break of resistance in the 0.9256-95 area (range top, 23.6% Fib) has exposed 0.9509 (38.2% Fib)
We continue to holdlong from 0.9189 with an upside objective of 0.9640

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

dailyclassics_aud-usd_body_Picture_9.png, Forex: AUD/USD Technical Analysis – Buyers Clear 0.93 Figure

Daily Chart - Created Using FXCM Marketscope 2.0

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

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