Forex: AUD/USD Technical Analysis – Sellers Aiming Below 0.91
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices turned lower as expected after putting in a Bearish Engulfing candle pattern
- A break of support at 0.9348 (23.6% Fib exp.) exposes 0.9094 (38.2% Fib exp.)
- Reversing back above 0.9348 targets 0.9564 (rising channel bottom from Sep)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.