AUD/USD Technical Analysis: 0.90 Figure Threatened
AUD/USD Technical Analysis– Prices broke support at 0.9134, the 14.6% Fibonacci retracement, exposing the 23.6% level at 0.9005. A further push beneath that targets channel support at 0.8926. Positive RSI divergence continues to warn of ebbing downward momentum, however. A move back above 0.9134 sees the next upside barrier at 0.9325, the intersection of the June 11 low and the channel top.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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