Forex: AUD/USD Technical Analysis – Bearish Continuation Questionable
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- Prices broke support at 0.8985 (23.6% Fib exp.), exposing 0.8872 (38.2% Fib exp.)
- Positive RSI divergence warns of ebbing selling pressure, warning of a reversal
- Turning back above 0.8985 initially aims for 0.9166 (December 10 high)
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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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