News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
AUD/USD Technical Analysis: 20-Month Low Set Below 0.94

AUD/USD Technical Analysis: 20-Month Low Set Below 0.94

Ilya Spivak, Head Strategist, APAC

AUD/USD Technical Analysis– Prices broke support in the 0.9542-80 area, marked by the June 2012 low and the 23.6% Fibonacci expansion, to test the 38.2% level at 0.9388. A further push downward targets the 50% Fib at 0.9264. Alternatively, a move back above 0.9580 eyes the June 3 high at 0.9791. Positive RSI divergence warns of ebbing bearish momentum.

dailyclassics_aud-usd_body_Picture_9.png, AUD/USD Technical Analysis: 20-Month Low Set Below 0.94

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

To be added to Ilya's e-mail distribution list, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES