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AUD/USD Technical Analysis 03.06.2013

AUD/USD Technical Analysis 03.06.2013

Ilya Spivak, Head Strategist, APAC

AUD/USD Technical Analysis- Prices testing above falling trend line resistance at 1.0268, with a break higher exposing former support at 1.0365, marked by December’s swing bottom. Multi-month range bottom support remains at 1.0163. A reversal beneath that initially eyes the March 4 low at 1.0114.

Forex_AUDUSD_Technical_Analysis_03.06.2013_body_Picture_5.png, AUD/USD Technical Analysis 03.06.2013

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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