Forex: AUD/USD Technical Analysis – Bullish Reversal in the Works?
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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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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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