Filed Under:
AUD/USD Technical Analysis– Prices are testing support at 0.9035, the July 3 low, with a break beneath that eyeing the 61.8% Fibonacci expansion at 0.8889. Falling channel resistance is at 0.9184, with a reversal above that targeting the 23.6% Fib retracement at 0.9400.

dailyclassics_aud-usd_body_Picture_8.png, AUD/USD Technical Analysis: Rally Falters at Channel TopDaily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

original source
comments powered by Disqus
Trading Center