Forex: AUD/USD Technical Analysis – All Eyes on August Low
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AUD/USD Technical Analysis
- Prices continue to edge toward support in the 0.8823-47 area (August 5 low, 23.6% Fib expansion)
- Return above support-turned-resistance at 0.9035 targets next upside barrier in the 0.9256-95 area
- We continue to hold long for now, aiming for a reversal against August low toward 0.9640
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Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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