To receive Ilya's analysis directly via email, please SIGN UP HERE
AUD/USD Technical Analysis
-
Prices continue to edge toward support in the 0.8823-47 area (August 5 low, 23.6% Fib expansion)
-
Return above support-turned-resistance at 0.9035 targets next upside barrier in the 0.9256-95 area
-
We continue to hold long for now, aiming for a reversal against August low toward 0.9640
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
To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak
New to FX? Watch this Video. For live market updates, visit the Real Time News Feed
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.