U.S. Markets close in 3 hrs 54 mins

AUD/USD Dips but Trendline is Slightly Higher

Jamie Saettele, CMT


eliottWaves_aud-usd_body_Picture_8.png, AUD/USD Dips but Trendline is Slightly Higher

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-It’s worth noting that AUDUSD resistance probably rests around (just above and below) .90. The 12/6 low is at .8989 and the 1/3 high is at .9004. The line that extends off of the 12/10 and 1/13 highs is at .9002 on Tuesday.

-Former range highs from .8825 to .8833 are now possible supports.

LEVELS: .8833 .8873 .8905 | .9004 .9045 .9085

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.