AUD/USD Technical Analysis: Upside Scenario Still Favored
AUD/USD Technical Analysis – Prices broke higher as expected, taking out resistance at the top of a falling channel set from April and hinting a significant correction upward is ahead. Buyers now aim to challenge the 23.6% Fibonacciretracement at 0.9371, with a push above that exposing the 38.2% level at 0.9602.Near-term support is at 0.9035, the July 3 low.
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Daily Chart - Created Using FXCM Marketscope 2.0
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