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Forex: AUD/USD Technical Analysis – All Eyes on August Low

Forex: AUD/USD Technical Analysis – All Eyes on August Low

Ilya Spivak, Head Strategist, APAC

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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

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_aud-usd_body_Picture_9.png, Forex: AUD/USD Technical Analysis – All Eyes on August Low

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

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