Forex: AUD/USD Technical Analysis – Bulls Flirt with 0.95 Level

Ilya Spivak


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


Talking Points


  • Prices rose as expected after forming a Bullish Engulfing pattern at support near 0.89
  • Near-term resistance is at 0.9509 (38.2%); a break above that eyes 0.9714 (50% Fib)
  • The first major layer of support is at 0.9344, the June 26 high. We continue to holdlong


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


dailyclassics_aud-usd_body_Picture_9.png, Forex: AUD/USD Technical Analysis – Bulls Flirt with 0.95 Level
dailyclassics_aud-usd_body_Picture_9.png, Forex: AUD/USD Technical Analysis – Bulls Flirt with 0.95 Level

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? Watch this Video


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.