AUD/USD Technical Analysis- Prices are testing support at 1.0189, the 50% Fibonacci expansion. A break lower targets the 1.0145-63 area, marked by a multi-month range bottom and the 61.8% level. Near-term resistance is at 1.0232, the 38.2% Fib. A turn above that exposes the 23.6% expansion at 1.0287.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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