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AUD/USD Technical Analysis 04.10.2013

Ilya Spivak

AUD/USD Technical Analysis– Prices are testing above resistance at 10493, the 38.2% Fibonacci expansion. A break above that targets the 50% level at 1.0539. Near-term support is at 1.0438, the 23.6% Fib, with a drop back beneath that eyeing the April 8 swing low at 1.0348.

Forex_AUDUSD_Technical_Analysis_04.10.2013_body_Picture_5.png, AUD/USD Technical Analysis 04.10.2013

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

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