AUD/USD Technical Analysis- Prices are once again testing support at 1.0233, the 38.2% Fibonacci expansion. A break lower targets the 50% level at 1.0189 and the major range bottom at 1.0173. Near-term resistance is at 1.0286, the 23.6% expansion, with a move back above that eyeing the February 15 high at 1.0374.

Daily Chart - Created Using FXCM Marketscope 2.0

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

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