AUD/USD Major Resistance Test for 2nd Time This Month

Jamie Saettele, CMT

Tue, Sep 27, 2016, 2:45 PM

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AUD/USD Major Resistance Test for 2nd Time This Month

Chart Prepared by Jamie Saettele, CMT

-I had been looking for support in Aussie near .7380 (October and December 2015 highs and the 200 day average is just above those levels) but the immediate return to major resistance puts AUD/USD on ‘breakout alert’. Price must remain above .7442 in order to maintain a constructive near term outlook.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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AUD/USD Major Resistance Test for 2nd Time This Month

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