AUD/USD Technical Analysis- Prices rebounded from support at 1.0233, the 38.2% Fibonacci expansion, to break above the 23.6% level at 1.0287. The bulls now target the February 15 high at 1.0374, with a move above that aiming for trend line support-turned-resistance at 1.0430. Alternatively, a move back below 1.0287 aims to challenge 1.0233 anew.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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