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Forex: AUD/USD Technical Analysis – Down to Two-Month Low

Ilya Spivak

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Talking Points

  • Prices broke support at 0.9145 (61.8% Fib exp.), exposing 0.9073 (76.4% Fib exp.)

  • A further break downward aims for the 0.90 figure, 0.8958 (100% Fib expansion)

  • Reversing back above 0.9145 targets 0.9202 (50% Fib exp.)

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

dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Down to Two-Month Low
dailyclassics_aud-usd_body_Picture_12.png, Forex: AUD/USD Technical Analysis – Down to Two-Month Low

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

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