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Forex pairs in this Article » AUD/USD, AUD/USD
AUD/USD Technical Analysis- Prices moved higher as expected after putting in a bullish Piercing Line candlestick pattern, breaking the 23.6% Fibonacci retracement at 1.0314. The bulls now stand to challenge the 38.2% level at 1.0368, with a move above that eyeing trend line support-turned-resistance at 1.0415. The 1.0314 level has been recast as support.

Forex_AUDUSD_Technical_Analysis_02.15.2013_body_Picture_5.png, AUD/USD Technical Analysis 02.15.2013 Daily Chart - Created Using FXCM Marketscope 2.0

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

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