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AUD/USD Technical Analysis 04.29.2013

AUD/USD Technical Analysis 04.29.2013

Ilya Spivak, Head Strategist, APAC

AUD/USD Technical Analysis– Prices are challenging the 23.6% Fibonacci expansion at 1.0330. A break above that aims for the 38.2% level at 1.0399. Near-term support is at 1.0220, the April 23 low, followed by the multi-month range bottom set from late July 2012 at 1.0181.

Forex_AUDUSD_Technical_Analysis_04.29.2013_body_Picture_5.png, AUD/USD Technical Analysis 04.29.2013

Daily Chart - Created Using FXCM Marketscope 2.0

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--- 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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