Forex: AUD/USD Technical Analysis – Bulls Overcome 0.90 Anew
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- Prices rose as expected after forming a Bullish Engulfing pattern at support near 0.89
- We continue to hold a long positionas the focus turns to trend line resistance at 0.9094
- Break above 0.9094 targets the 0.9256-95 area (range top, 23.6% Fib retracement)
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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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