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AUD/USD Technical Analysis 02.19.2013

AUD/USD Technical Analysis 02.19.2013

2013-02-19 11:17:00
Ilya Spivak, Head Strategist, APAC
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AUD/USD Technical Analysis- Prices are testing above resistance at 1.0314, the 23.6% Fibonacci retracement. A break higher targets the 38.2% level at 1.0369. Near-term support is at 1.0280, the 14.6% Fib. A push below that aims for the February 12 low at 1.0226.

Forex_AUDUSD_Technical_Analysis_02.19.2013_body_Picture_5.png, AUD/USD Technical Analysis 02.19.2013

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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