Forex: AUD/USD Technical Analysis – Attempting to Expose 0.89
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- Prices are testing above resistance in the 0.8847-64 area (Aug’13 low, 23.6% Fib exp.)
- A break higher on a daily closing basis exposes 0.8992 (23.6% Fib ret.)
- Near-term support at 0.8727 (38.2% Fib expansion)
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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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