AUD/USD Technical Analysis– Prices drifted higher as expected to challenge support-turned-resistance at 0.9325, the June 11 swing low. A break higher above this barrier exposes a falling range top at 0.9414 and the 23.6% Fibonacci retracement at 0.9486. Initial support is at 0.9147, the June 24 low.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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