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 supports).”
-AUDUSD has dropped into an area that could make at least a near term low. The decline from the top would consist of 2 equal waves at .9232 (Tuesday low was .9227). Look higher.
LEVELS: .9205 .9246 .9263 | .9316 .9344 .9371
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- Utility Industry