To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • 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)

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Candles Point to Rebound

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE!

For live market updates, visit the Real Time News Feed