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Forex: AUD/USD Technical Analysis – 0.90 Figure Holds as Support

Forex: AUD/USD Technical Analysis – 0.90 Figure Holds as Support

2013-12-06 05:01:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices broke below support at 0.9073 (76.4% Fib expansion)
  • Sellers are now testing the 0.90 figure; below that eyes 0.8958 (100% Fib)
  • Turning back above 0.9073 aims for 0.9145 (61.8% Fib exp.)

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

dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – 0.90 Figure Holds as Support

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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