Forex: AUD/USD Technical Analysis – Aiming Below 0.87 Figure
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- A break below 0.8727 (38.2% Fib exp.) exposes 0.8616 (50% Fib exp.)
- Pushing further below that aims for 0.8505 (61.8% Fib exp.)
- Back above 0.8727 eyes the 0.8847-64 area (Aug’13 low, 23.6% Fib exp.)
Confirm your chart-based trade setups with the Technical Analyzer.
Daily Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for DailyFX.com
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