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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
AUDUSD Classic Technical Report 09.03.2012

AUDUSD Classic Technical Report 09.03.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing support in the 1.0285-1.0311 area marked by the 23.6% Fibonacci expansion and the June 5 close. A downward breakout targets 1.0192 and the 38.2% level at 1.0124. Pending confirmation of the breakdown on a daily closing basis, resistance is in the 1.0414-43 area, but would be revised to the 1.0285-1.0311 region thereafter.

AUDUSD_Classic_Technical_Report_09.03.2012_body_Picture_5.png, AUDUSD Classic Technical Report 09.03.2012

Daily Chart - Created Using FXCM Marketscope 2.0

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

To contact Ilya, e-mail ispivak@dailyfx.com. 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 ispivak@dailyfx.com

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

DISCLOSURES