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  • After rising back above the 1.60% level to a high around 1.63% earlier today, US 10yr Treasury yields have moved back lower. They are now trading around an intraday low of 1.56%. $USD https://t.co/5hQglZl4fU
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Forex Analysis: AUD/USD Classic Technical Report 01.09.2013

Forex Analysis: AUD/USD Classic Technical Report 01.09.2013

Ilya Spivak, Head Strategist, APAC

Prices are retesting Rising Wedge support-turned-resistance at 1.0534, with a break higher targeting range top resistance at 1.0578.Rising trend line support is at 1.0368. A drop below that aims for range support at 1.0173.

Forex_Analysis_AUDUSD_Classic_Technical_Report_01.09.2013_body_Picture_5.png, Forex Analysis: AUD/USD Classic Technical Report 01.09.2013

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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