AUD/USD Technical Analysis– Prices broke resistance in the 1.0355-65, marked by the 50% Fibonacci retracement and a horizontal pivot level. Buyers now aim to challenge the 61.8% Fib at 1.0412. Alternatively, a drop back beneath 1.0355 (now recast as support) exposes the 38.2% retracement at 1.0298.We continue to hold long.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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