Forex: AUD/USD Technical Analysis – Channel Top Caps Rebound
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- A Shooting Star candle below resistance at 0.9409 (38.2% Fib ret.) warns of a turn lower
- Breaking below 0.9302 (50% Fib) eyes 0.9195 (61.8% Fib), negates bullish Piercing Line setup
- Closing above 0.9409 exposes the next upside barrier at 0.9542 (23.6% Fib)
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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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