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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

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

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