Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-AUDUSD didn’t quite trade to .9412 before trading lower. The rate is having issues with .9400 generally (including at the early April top, when the rate closed above .9400 twice before failing).
-A dip into .9300 may be in order. Below .9275 would suggest that the trend has reversed lower.
LEVELS: .9275 .9288 .9317 | .9378 .9412 .9460
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- Utility Industry