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Forex: AUD/USD Technical Analysis – August Swing Low Revisited

Forex: AUD/USD Technical Analysis – August Swing Low Revisited

2013-12-19 13:11:00
Ilya Spivak, Sr. Currency Strategist
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Talking Points

  • Prices are testing support in the 0.8815-47 area (76.4% Fib exp., Aug’13 swing low)
  • A break downward targets 0.8758 (falling channel bottom)
  • Reversing back above 0.8882 (61.8% Fib exp.) initially targets 0.8936 (50% Fib exp.)

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

dailyclassics_aud-usd_body_Picture_2.png, Forex: AUD/USD Technical Analysis – August Swing Low Revisited

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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