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Forex pairs in this Article » AUD/USD
Prices broke below support at 1.0322, the 23.6% Fibonacci expansion, to challenge the bottom of a rising channel set from mid-July (1.0199). A break below that exposesthe 38.2% level at 1.0136. The 1.0322 level has been recast as resistance, with a break above that exposing trend line resistance at 1.0548.

AUDUSD_Classic_Technical_Report_10.04.2012_body_Picture_5.png, AUDUSD Classic Technical Report 10.04.2012 Daily Chart - Created Using FXCM Marketscope 2.0

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

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