U.S. Markets open in 5 hrs 58 mins

AUD/USD Technical Analysis: Sellers Reclaim Momentum

Ilya Spivak


AUD/USD Technical Analysis– Prices are testing below support at 0.9260, the 38.2% Fibonacci expansion, with a break below that eyeing the 50% level at 0.9135. Near-term resistance is at 0.9415, the 23.6% Fib. A reversal back above that targets a falling trend line at 0.9644.


dailyclassics_aud-usd_body_Picture_9.png, AUD/USD Technical Analysis: Sellers Reclaim Momentum

Daily Chart - Created Using FXCM Marketscope 2.0




--- 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.