Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-In AUDUSD, “recent action raises the possibility of a triangle unfolding from the 2/12 high. In other words, the range may tighten for a few days before a breakout attempt.”
-Monday’s bullish outside day may portend a break higher. There are a lot of bears out there that would certainly be caught off guard by a break higher. Monday’s low is key to any upside resolution.
LEVELS: .8951 .8987 .9003 | .9065 .9085 .9167
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