AUD/USD Technical Analysis- Prices are approaching falling trend line resistance at 1.0276, with a break higher exposing former support at 1.0365, marked by December’s swing bottom. Multi-month range bottom support remains at 1.0163. A reversal beneath that initially eyes the March 4 low at 1.0114.

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.