Forex: AUD/USD Technical Analysis – Candles Point to Rebound
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- Prices put in a bullish Piercing Line candle pattern, hinting at gains ahead/
- Above 0.8819-58 (former support, 14.6% Fib exp.) eyes 0.8918 (23.6% Fib exp.)
- Near-term support is at 0.8659 (Jan 24 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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