News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
AUDUSD Classic Technical Report 08.20.2012

AUDUSD Classic Technical Report 08.20.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing support at the bottom of a rising channel set from early June (now at 1.0395). A break downward initially exposes 1.0328. Near-term resistance is in the 1.0443-1.05 area, with a push above that targeting a long-term falling trend line set late July 2011, now at 1.0599.

AUDUSD_Classic_Technical_Report_08.20.2012_body_Picture_5.png, AUDUSD Classic Technical Report 08.20.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for

To contact Ilya, e-mail 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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.