Forex: AUD/USD Technical Analysis – Is a Pullback Brewing?
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- A Dark Cloud Cover candle pattern hints a turn lower may be ahead
- Breaking below 0.9598 (50% Fib, trend line) initially exposes 0.9523 (38.2% Fib)
- Above resistance targets 0.9766 (76.4% 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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