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Forex Analysis: AUD/USD Classic Technical Report 01.03.2013

Ilya Spivak

Prices are retesting Rising Wedge support-turned-resistance (1.0510), with a break higher aiming for a multi-month range top at 1.0578. Rising trend line support is at 1.0358. A drop below that targets the range bottom at 1.0173.

Forex_Analysis_AUDUSD_Classic_Technical_Report_01.03.2013_body_Picture_1.png, Forex Analysis: AUD/USD Classic Technical Report 01.03.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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

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