Forex Analysis: AUD/USD Classic Technical Report 01.07.2013

Prices are retesting Rising Wedge support-turned-resistance at 1.0522, with a break higher targeting range top resistance at 1.0578.Rising trend line support is at 1.0364. A drop below that aims for range support at 1.0173.

Daily Chart - Created Using FXCM Marketscope 2.0

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

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