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Forex: AUD/USD Technical Analysis – Corrective Bounce at Hand?

Forex: AUD/USD Technical Analysis – Corrective Bounce at Hand?

2013-12-02 06:04:00
Ilya Spivak, Head Strategist, APAC
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Talking Points

  • Prices are probing above support-turned-resistance at 0.9145 (61.8% Fib exp.)
  • A break higher exposes 0.9202 (50% Fib expansion)
  • Below support at 0.9073 (76.4% Fib) targets the 0.90 figure, 0.8958 (100% Fib)

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

dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Corrective Bounce at Hand?

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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