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