AUD/USD Technical Analysis– Prices are testing below support at 0.9260, the 38.2% Fibonacci expansion, with a break below that eyeing the 50% level at 0.9135. Near-term resistance is at 0.9415, the 23.6% Fib. A reversal back above that targets a falling trend line at 0.9644.
Daily Chart – Created Using FXCM Marketscope 2.0
— Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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