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 Analysis Report 10.23.2012

AUDUSD Classic Technical Analysis Report 10.23.2012

Ilya Spivak, Head Strategist, APAC

Prices pulled back from resistance at 1.0397, the 23.6% Fibonacci expansion level, and are now testing below the 14.6% barrier at 1.0303. A confirmed break on a daily close below this juncture exposes three-month range support at 1.0173. Alternatively, a reversal through resistance targets a major falling trend line at 1.0523, a hurdle reinforced by the 38.2% Fib at 1.0551.

AUDUSD_Classic_Technical_Analysis_Report_10.23.2012_body_Picture_5.png, AUDUSD Classic Technical Analysis Report 10.23.2012

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, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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