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Forex: AUD/USD Technical Analysis – Bullish Reversal in the Works?

Ilya Spivak


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Talking Points


  • Positive RSI divergence hints at a bounce as prices test 0.8963 (50% Fib exp.)
  • Breaking above resistance at 0.8991 (38.2% Fib) exposes 0.9058 (23.6% Fib)
  • Reversing below support targets 0.8882 (61.8% Fib)


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

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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