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Forex: AUD/USD Technical Analysis – 0.94 Figure in the Crosshairs

Ilya Spivak


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Talking Points


  • Prices turned lower as expected after putting in a Bearish Engulfing candle pattern
  • A break of rising channel support set from mid-Sep has exposed 0.9409 (38.2% Fib)
  • Back above the channel bottom (0.9490) eyes the 0.9522-42 area (Sep top, 23.6% Fib)


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


dailyclassics_aud-usd_body_Picture_11.png, Forex: AUD/USD Technical Analysis – 0.94 Figure in the Crosshairs

Daily Chart - Created Using FXCM Marketscope 2.0




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


Contact and follow Ilya on Twitter: @IlyaSpivak


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