Forex Analysis: AUD/USD Classic Technical Report 12.17.2012
Prices are testing multi-month range resistance at 1.0578. Channel support is now at 1.0455. A drop below that initially exposes the 1.04 figure. Alternatively, a break above resistance targets channel line resistance at 1.0648.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE