Forex: AUD/USD Technical Analysis – Cautiously Grinding Higher
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- Prices are starting to rise as expected after showing a Morning Star candle pattern
- Resistance is at 0.9040 (23.6% Fib); above that targets 0.9177 (38.2% Fib)
- Support is in the 0.8782-0.8847 area (Aug’13 low, channel top, 23.6% 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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