AUD/USD Technical Analysis 03.01.2013
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
To contact Ilya, e-mail firstname.lastname@example.org. Follow Ilya on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, please CLICK HERE
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.