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AUD/USD Follows through on Bearish Key Reversal

Jamie Saettele, CMT

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AUD/USD Follows through on Bearish Key Reversal

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts


-AUD/USD is pulling back from the top of its range. Since the April 2016 top, every poke above .7700 has failed. I wrote recently that “the October and December 2015 highs at .7380 is of interest as long as price is under the February high.” .7380s might not be in the cards following the surge from near the 200 day average. Watch for signs of a higher low (above the early March high) to suggest that a breakout attempt is around the corner.




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