AUDUSD Classic Technical Report 07.12.2012
Prices are testing support at a rising trend line set from early June, a barrier reinforced by the 14.6% Fibonacci expansion at 1.0142. A break downward exposes the 23.6% Fib at 1.0028 and the psychologically significant parity barrier. Near-term resistance lines up at 1.0255.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. 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 email@example.com