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AUD/USD Churns at Range Lows

AUD/USD Churns at Range Lows

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-β€œAs long as price is contained by channel resistance, downside resolution remains possible.” Focus is on the lower end of the channel but channel resistance must hold.” AUDUSD continues to trade between well-defined slope lines but beware of a possible broadening bottom (very difficult pattern to trade).

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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