U.S. Markets closed

Forex: AUD/USD Technical Analysis – Bulls Overcome 0.90 Anew

Ilya Spivak


To receive Ilya's analysis directly via email, please SIGN UP HERE


Talking Points


  • Prices rose as expected after forming a Bullish Engulfing pattern at support near 0.89
  • We continue to hold a long positionas the focus turns to trend line resistance at 0.9094
  • Break above 0.9094 targets the 0.9256-95 area (range top, 23.6% Fib retracement)


Confirm your chart-based trade setups with the Technical Analyzer.


dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Bulls Overcome 0.90 Anew

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


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.