AUDUSD Classic Technical Report 09.06.2012
Prices broke through support at 1.0218, the 38.2% Fibonacci retracement, with sellers now aiming to challenge the 50% level at 1.0096. The 1.0218 mark has been recast as near-term resistance, with a push back above that targeting the 1.0285 and the 23.6% retracement at 1.0368.
Daily Chart - Created Using FXCM Marketscope 2.0
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