Forex: AUD/USD Technical Analysis – Trend Support in Focus
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- Prices are pulling back to support at a rising trend line set from September (0.9587)
- A break below that targets the 23.6% Fib retracement at 0.9541
- Near-term resistance is at 0.9755 (Oct 23 high); 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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