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AUD/USD Technical Analysis 02.22.2013

AUD/USD Technical Analysis 02.22.2013

2013-02-22 12:45:00
Ilya Spivak, Head Strategist, APAC
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AUD/USD Technical Analysis- Prices are rebounding from support at 1.0233, the 38.2% Fibonacci expansion, to test above the 23.6% level at 1.0287. A confirmed break upward exposes the February 15 high at 1.0374. Alternatively, a move below 1.0233 aims for the 50% Fib at 1.0189.

Forex_AUDUSD_Technical_Analysis_02.22.2013_body_Picture_5.png, AUD/USD Technical Analysis 02.22.2013

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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