AUD/USD Technical Analysis- Prices are testing above resistance at 1.0314, the 23.6% Fibonacci retracement. A break higher targets the 38.2% level at 1.0369. Near-term support is at 1.0280, the 14.6% Fib. A push below that aims for the February 12 low at 1.0226.

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 on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.