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Forex: AUD/USD Technical Analysis – Flirting with 0.96 Mark

Forex: AUD/USD Technical Analysis – Flirting with 0.96 Mark

2013-10-28 07:10:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices turned lower as expected, clearing trend line support set from late September
  • Support is now at 0.9573 (38.2% Fib); below that eyes 0.9517 (50% Fib)
  • Above 0.9643 (23.6% Fib) targets 0.9757 (Oct high); we are holding long for now

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

dailyclassics_aud-usd_body_Picture_9.png, Forex: AUD/USD Technical Analysis – Flirting with 0.96 Mark

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

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