Yahoo Finance 
Forex Analysis: AUD/USD Classic Technical Report 12.28.2012
Prices declined as expected after putting in a Harami candlestick pattern below multi-month range resistance at 1.0578. The pair is now stalling above the 50% Fibonacci retracement at 1.0366. A break below that aims for the 61.8% level at 1.0315. Near-term resistance is at 1.0418, the 38.2% Fib, with a reversal above that aiming for the 23.6% retracement at 1.0482.
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
To be added to Ilya's e-mail distribution list, please CLICK HERE
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.
