AUD/USD Classic Technical Report 07.05.2012
Prices are pulling back as expected after finding resistance at 1.0289, the 50%Fibonacci expansion. Near-term support lines up at 1.0213, the 38.2% level. Alternatively, a break higher exposes the 61.8% Fib at 1.0366.
4hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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