U.S. Markets closed

Forex: AUD/USD Technical Analysis – Reversal Higher in the Cards?

Ilya Spivak


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


Talking Points


  • Prices put in a bullish Morning Star candle pattern, hinting a move higher is ahead
  • Above 0.8925-56 (channel top, 14.6% Fib ret.) exposes 0.9040 (23.6% Fib ret.)
  • Below support at 0.8847(Aug’13 low) aims for 0.8736 (23.6% Fib expansion)


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


dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Reversal Higher in the Cards?

Daily Chart - Created Using FXCM Marketscope 2.0




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


Contact and follow Ilya on Twitter: @IlyaSpivak


New to FX? START HERE


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.