AUD/USD Technical Analysis: Rally Falters at Channel Top
AUD/USD Technical Analysis– Prices are testing support at 0.9035, the July 3 low, with a break beneath that eyeing the 61.8% Fibonacci expansion at 0.8889. Falling channel resistance is at 0.9184, with a reversal above that targeting the 23.6% Fib retracement at 0.9400.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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