Forex: AUD/USD Technical Analysis – Buyers Try to Expose 0.97
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- Prices rose as expected after forming a Bullish Engulfing pattern at support near 0.89
- A break above resistance at 0.9673 (61.8% Fib) would expose 0.9766 (76.4% Fib)
- Near-term support is at 0.9598 (50% Fib); we continue to hold long from 0.9189
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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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