Forex: AUD/USD Technical Analysis – 4-Week Channel Top Broken
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- Prices followed a bullish Piercing Line candle setup with a break above channel resistance
- The bulls now target 0.9482 (23.6% Fib exp.); above that exposes 0.9615 (38.2% Fib exp.)
- Channel top resistance-turned-support is now at 0.9353
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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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