U.S. Markets open in 1 hr 43 mins

Forex: AUD/USD Technical Analysis – Buyers Clear 0.93 Figure

Ilya Spivak

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

Talking Points

  • Prices rose as expected after forming a Bullish Engulfing pattern at support near 0.89
  • Break of resistance in the 0.9256-95 area (range top, 23.6% Fib) has exposed 0.9509 (38.2% Fib)
  • We continue to holdlong from 0.9189 with an upside objective of 0.9640

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

dailyclassics_aud-usd_body_Picture_9.png, Forex: AUD/USD Technical Analysis – Buyers Clear 0.93 Figure

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? Watch this Video

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.