AUD/USD Technical Analysis 03.08.2013
AUD/USD Technical Analysis- Prices broke above falling trend line resistance set from late January, exposing the 38.2% Fibonacci retracement at 1.0298. A break above that aims for the 1.0355-65 area. The trend line, now at 1.0246, has been recast as support. A move back beneath that eyes the 23.6% level at 1.0228.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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