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AUDUSD Classic Technical Report 09.06.2012

AUDUSD Classic Technical Report 09.06.2012

2012-09-06 07:54:00
Ilya Spivak, Head Strategist, APAC

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.

AUDUSD_Classic_Technical_Report_09.06.2012_body_Picture_5.png, AUDUSD Classic Technical Report 09.06.2012

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

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

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