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AUD/USD Technical Analysis 06.04.2013

AUD/USD Technical Analysis 06.04.2013

2013-06-04 12:35:00
Ilya Spivak, Head Strategist, APAC
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AUD/USD Technical Analysis– Prices bounced from support at 0.9580, the June 2012 low, as expected. Buyers are now testing near-term resistance at 0.9776, the 23.6% Fibonacci retracement, with a break above that targeting the 38.2% level at 0.9930.

Forex_AUDUSD_Technical_Analysis_06.04.2013_body_Picture_5.png, AUD/USD Technical Analysis 06.04.2013

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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