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AUD/USD Outside Day Provides Reference Point

By , Sr. Technical Strategist
17 April 2014 20:52 GMT

Daily

eliottWaves_aud-usd_body_Picture_8.png, AUD/USD Outside Day Provides Reference Point

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“AUDUSD has responded to the 2011 low and 2009 high (.9386-.9405), late November high and channel resistance. Look lower as long as price is below last week’s high. Downside levels of interest are .9205 and .9138 (and watch the channel support).”

-The top of former congestion at .9307 is a reaction area too.

LEVELS: .9205 .9264 .9307 | .9362 .9389 .9412

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

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17 April 2014 20:52 GMT