AUD/USD Technical Analysis– Prices are challenging the 23.6% Fibonacci expansion at 1.0330. A break above that aims for the 38.2% level at 1.0399. Near-term support is at 1.0220, the April 23 low, followed by the multi-month range bottom set from late July 2012 at 1.0181.
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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