Forex: AUD/USD Technical Analysis – Resistance Seen at 0.9040
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- Prices are moving higher as expected after showing a Morning Star candle pattern
- Resistance is at 0.9040 (23.6% Fib ret.); above that targets 0.9177 (38.2% Fib ret.)
- Near-term 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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