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Forex: AUD/USD Technical Analysis – Aiming Below 0.91 Mark

Forex: AUD/USD Technical Analysis – Aiming Below 0.91 Mark

2013-11-25 08:33:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are testing through support at 0.9145 (61.8% Fib expansion)
  • Breaking lower on a daily closing basis exposes 0.9073 (76.4% Fib exp.)
  • Resistance is at 0.9202 (50% Fib); above that targets 0.9260 (23.6% Fib)

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

dailyclassics_aud-usd_body_Picture_11.png, Forex: AUD/USD Technical Analysis – Aiming Below 0.91 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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