Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

AUD/USD .8925 or .9080 Break to Determine Next Move

By , Sr. Technical Strategist
25 February 2014 21:59 GMT

Daily

eliottWaves_aud-usd_body_Picture_8.png, AUD/USD .8925 or .9080 Break to Determine Next Move

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-In AUDUSD, “recent action 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.”

-Monday’s bullish outside day may portend a break higher. There are a lot of bears out there that would certainly be caught off guard by a break higher. Monday’s low is key to any upside resolution.

LEVELS: .8951 .8987 .9003 | .9065 .9085 .9167

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

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

25 February 2014 21:59 GMT