U.S. Markets closed

AUD/USD Technical Analysis 04.11.2013

Ilya Spivak

AUD/USD Technical Analysis– Prices are testing resistance in the 1.0584-97 area, marked by the 61.8% Fibonacci expansion and a multi-month range top. A break above that targets the 76.4% level at 1.0639. Near-term support is at 1.0539, the 50% Fib, with a drop back beneath that eyeing the 38.2% expansion at 1.0493.


Forex_AUDUSD_Technical_Analysis_04.11.2013_body_Picture_5.png, AUD/USD Technical Analysis 04.11.2013

Daily Chart - Created Using FXCM Marketscope 2.0



Want to back-test your technical trading strategy? Download the historical data here.




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


To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak


To be added to Ilya's e-mail distribution list, please CLICK HERE


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.