Forex: AUD/USD Technical Analysis – Bounce Hinted at August Low
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- Prices put in a bullish Morning Star candle pattern, hinting a move higher is ahead
- A bounce sees resistance at 0.90 (channel top); above that eyes 0.9177 (38.2% Fib ret.)
- Support is at 0.8847, the August 2013 swing low
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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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