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Forex Analysis: AUDUSD Classic Technical Report 11.06.2012

Forex Analysis: AUDUSD Classic Technical Report 11.06.2012

2012-11-06 14:40:00
Ilya Spivak, Head Strategist, APAC
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Prices are testing above resistance at 1.0410, with a confirmed breakout on a daily closing basis targeting long-term falling trend line resistance at 1.0507. A push above that initially exposes 1.0578. Rising trend line support is at 1.0343, with a drop below that targeting 1.0173.

Forex_Analysis_AUDUSD_Classic_Technical_Report_11.06.2012_body_Picture_5.png, Forex Analysis: AUDUSD Classic Technical Report 11.06.2012

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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