U.S. Markets closed

Forex: AUD/USD Technical Analysis – Cautiously Drifting Upward

Ilya Spivak


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


Talking Points


  • Prices are starting to edge up as expected after showing a Morning Star candle pattern
  • Resistance is at 0.9040 (23.6% Fib); above that targets 0.9177 (38.2% Fib)
  • Support is in the 0.8782-0.8847 area (Aug’13 low, channel top, 23.6% Fib exp.)


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


dailyclassics_aud-usd_body_Picture_9.png, Forex: AUD/USD Technical Analysis – Cautiously Drifting Upward

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.