AUD/USD – Current Level is Tricky-Pay Attention above .7700 Though
DailyFX.com -
Daily
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-There is no change to the AUD/USD comments. “It’s not uncommon for an obvious level to get taken out before a pause in the underlying move. In this case, the obvious level is the 12/14 ‘hawkish hike’ day high. Once that gets run, Aussie may be allowed to pull back.” The cross has taken out the level. A floor from 2015 stretches up to the .7620s and should be watched for a response. I’d also pay attention to .7700 (just above), which was resistance throughout 2016.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from IG.