Forex: AUD/USD Technical Analysis – Aussie Rebounds as Expected
To receive Ilya's analysis directly via email, please SIGN UP HERE
- Prices advanced as expected after showing a bullish Morning Star candle pattern
- Breaking above resistance at 0.9170 (23.6% Fib ret.) targets 0.9282 (38.2% Fib ret.)
- Near-term support is at 0.8988, the December 6 swing low
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
Contact and follow Ilya on Twitter: @IlyaSpivak
New to FX? START HERE
For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.