Chart of the Day for August 2nd, 2013 – AUD/USD
By Ilya Spivak
Prices broke support at 0.8943, the 23.6% Fibonacci expansion, exposing falling channel resistance-turned-support at 0.8849. A further push below that eyes the 38.2% level at 0.8712. Alternatively, a reversal back above 0.8943 aims for the July 3 low at 0.9035.
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