Forex: AUD/USD Technical Analysis – Channel Resistance Broken
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- Prices are starting to rise as expected after showing a Morning Star candle pattern
- Resistance is at 0.9041 (23.6% Fib); above that targets 0.9178 (38.2% Fib)
- Near-term support is at 0.8827, marked by channel top resistance-turned-support
Confirm your chart-based trade setups with the Technical Analyzer.
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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