Tanalys

AUD/USD Technical Analysis 04.09.2013

AUD/USD Technical Analysis– Prices are testing above resistance at 1.0438, the 23.6% Fibonacci expansion. A break above that targets the 38.2% level at 1.0493. Near-term support is at 1.0348, the April 8 swing low.

Daily Chart – Created Using FXCM Marketscope 2.0

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Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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