Forex Analysis: AUD/USD Classic Technical Report 12.28.2012

RELATED QUOTES

SymbolPriceChange
AUDUSD=X0.9321-0.0011

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.

Forex_Analysis_AUDUSD_Classic_Technical_Report_12.28.2012_body_Picture_1.png, Forex Analysis: AUD/USD Classic Technical Report 12.28.2012

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

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    0.9321-0.0011-0.12%
    AUDUSD=X
    0.5551-0.0004-0.07%
    AUDGBP=X
    0.6749-0.0006-0.08%
    AUDEUR=X
  • Commodities
    Commodities
    NamePriceChange% Chg