AUDUSD Classic Technical Report 10.08.2012
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AUD/USD
Prices are testing support at 1.0136, the 38.2%Fibonacci expansion. A break below that exposes parity level and the 50% level at 0.9986. Initial resistance is at 1.0322, the 23.6% Fib, with a break back above that exposing major trend line resistance at 1.0540.
Daily 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
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New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
Daily 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, send a note with subject line "Distribution List" to ispivak@dailyfx.com
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
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