AUD/USD Technical Analysis 02.22.2013
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.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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