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
Forex Analysis: AUDUSD Classic Technical Report 10.30.2012

Forex Analysis: AUDUSD Classic Technical Report 10.30.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing resistance at 1.0397, the 23.6% Fibonacci expansion level. A break higher exposes a major falling trend line at 1.0514, a hurdle reinforced by the 38.2% Fib at 1.0551. Near-term support lines up at 1.0173, a horizontal barrier that has contained the downside over the past three months, with a push lower broadly exposing the parity level.

Forex_Analysis_AUDUSD_Classic_Technical_Report_10.30.2012_body_Picture_5.png, Forex Analysis: AUDUSD Classic Technical Report 10.30.2012

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, 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.

DISCLOSURES