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AUD/USD Technical Analysis: Rebound Attempt Falters

Ilya Spivak

AUD/USD Technical Analysis– Prices are descending toward support is at 0.9415, the 23.6% Fibonacci expansion, with a break beneath that targeting the 38.2% level at 0.9260. Near-term trend line resistance is at 0.9668. A move above that targets a larger downward-sloping barrier at 0.9894.

dailyclassics_aud-usd_body_Picture_9.png, AUD/USD Technical Analysis: Rebound Attempt Falters

Daily Chart - Created Using FXCM Marketscope 2.0

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

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