Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The AUDUSD measured level from the latest break is .8554. The December low at .8820 rejected today’s advance.
-This market made a massive outside week 2 weeks ago. The week actually engulfed the prior 4 weeks. It’s impossible to know whether the move constitutes exhaustion or the beginning of the next leg down but it’s often best to respect trend.
LEVELS: .8659 .8695 .8737 | .8795 .8820 .8864
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.