Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“AUDUSD has responded to the 2011 low and 2009 high (.9386-.9405), late November high and channel resistance. Look lower as long as price is below last week’s high. Downside levels of interest are .9205 and .9138 (and watch the channel support).”
-The top of former congestion at .9307 is a reaction area too.
LEVELS: .9205 .9264 .9307 | .9362 .9389 .9412
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- Utility Industry