AUD/USD is Bullish above .7785

Jamie Saettele, CMT

Tue, May 12, 2015, 3:08 PM

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Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-“AUDUSD continues to trade between well-defined slope lines but beware of a possible broadening bottom (very difficult pattern to trade). A break above the resistance line being tested right now would indicate an important change in market behavior.” The move completes a broadening bottom. Look towards .8295-.8375. Support may reside in the .7840s.

For more analysis and trade setups, visit SB Trade Desk

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AUD/USD is Bullish above .7785

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