# AUD/USD Retracement Setup (January 27, 2014) Source: https://www.tradersway.com/resources/market-info/aud-usd-retracement-setup-january-27-2014/ Language: en Updated: 2014-01-27 Description: Explore AUD/USD Retracement Setup (January 27, 2014). AUD/USD. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. AUD/USD suffered a sharp selloff towards the end of last week, when the world economic leaders in Davos confirmed that a slowdown is in the cards for the emerging nations. It didn’t help that China also printed a weaker than expected HSBC manufacturing PMI reading. AUD/USD broke below the .8800 major psychological level but might pull back to this area before heading any lower. The 50% Fibonacci retracement level lines up with the former support area around .8775. If this area holds as resistance, the pair might make its way back to the previous lows around .8700. ![AUD/USD Retracement Setup (January 27, 2014)] Shorting at .8775 with a stop above the 61.8% Fib level and a target of .8700 could yield a decent return on risk for a day trade. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/aud-usd-retracement-setup-january-27-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/aud-usd-retracement-setup-january-27-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/aud-usd-retracement-setup-january-27-2014/", "headline": "AUD/USD Retracement Setup (January 27, 2014)", "inLanguage": "en", "datePublished": "2014-01-27T11:11:30+00:00", "dateModified": "2014-01-27T11:11:30+00:00", "articleSection": "Market Info", "description": "Explore AUD/USD Retracement Setup (January 27, 2014). 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