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Forex Analysis: AUD/USD Classic Technical Report 01.10.2013

Ilya Spivak

Prices are retesting Rising Wedge support-turned-resistance at 1.0553, with a break higher targeting range top resistance at 1.0578.Rising trend line support is at 1.0393. A drop below that aims for range support at 1.0173.

Forex_Analysis_AUDUSD_Classic_Technical_Report_01.10.2013_body_Picture_1.png, Forex Analysis: AUD/USD Classic Technical Report 01.10.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

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