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AUD/USD Technical Analysis: Sellers Reclaim Momentum

Ilya Spivak

AUD/USD Technical Analysis– Prices broke below support at 0.9260, the 38.2% Fibonacci expansion, to expose the 50% level at 0.9135. A further push beneath that eyes the 61.8% level at 0.9010. The 0.9260 level has been recast as near-term resistance, with a reversal back above that aiming for the 23.6% Fib at 0.9415.

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

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