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Currencies AUD Chart of the Day for June 24th, 2013 – AUD/USD

By Ilya Spivak

Prices are testing support at 0.9185, the 38.2% Fibonacci expansion, with an Inverted Hammer candlestick hinting a bounce may be ahead. Initial resistance is at 0.9369, the 23.6% level, with a break above that targeting a falling trend line at 0.9625. Alternatively, a move below support eyes the 50% expansion at 0.9037.


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