Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The AUDUSD 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 or even an important top.
-2 key reversals last week warns of a top. .9190 is still support and a break under channel support is needed to negate larger bullish implications.
LEVELS: .9153 .9190 .9231 | .9285 .9310 .9344
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
- Basic Materials Industry
- Utility Industry