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AUD/USD Faces Possible Resistance at .9065

Jamie Saettele, CMT


eliottWaves_aud-usd_body_Picture_8.png, AUD/USD Faces Possible Resistance at .9065

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-After the largest bull run since the October high, AUDUSD may experience a deep pullback (at least). Support is estimated at .8887 and .8820/33.

-Recent action however raises the possibility of a triangle unfolding from the 2/12 high. In other words, the range may tighten for a few days before a breakout attempt. .9065 is a possible reaction level.

LEVELS: .8951 .8987 .9006 | .9065 .9085 .9167

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

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