AUDUSD Classic Technical Report 07.25.2012
Prices are testing support at 1.0225 marked by the April 11 low and the bottom of a rising channel carved out since late June. A break lower initially exposes swing lows at 1.0099 and 0.9968. Near-term resistance lines up at 1.0313, with a break above that exposing 1.0473.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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