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AUD/USD Technical Analysis 03.21.2013

AUD/USD Technical Analysis 03.21.2013

2013-03-21 12:19:00
Ilya Spivak, Head Strategist, APAC
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AUD/USD Technical Analysis– Prices are testing above resistance at 1.0412, the 61.8% Fibonacci retracement, with a push above that targeting the 76.4% Fib at 1.0483. Near-term support is in the 1.0355-65 area, marked by the 50% level and a horizontal pivot level. A push beneath that eyes the 38.2% retracement at 1.0298. We continue to hold long.

Forex_AUDUSD_Technical_Analysis_03.21.2013_body_Picture_5.png, AUD/USD Technical Analysis 03.21.2013

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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