Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-It took 3 tries, but AUDUSD followed through on its breakout. The advance would consist of 2 equal legs from the January low at .9310. The 2011 low is at .9386. One of these levels may inspire a reaction.
-2 key reversals in the last 3 days warns of a top. .9190 is still support and a break under channel support is needed to negate larger bullish implications.
LEVELS: .9119 .9153 .9190 | .9246 .9310 .9344
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- Basic Materials Industry
- Utility Industry