AUD/USD Trades Heavy in Front of 2012 Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: AUDUSD strength was quickly rejected Tuesday. Price traded into .9695 just this morning but is now pressing the lows and close to taking out the 2012 low at .9580. Momentum has slowed in recent days but the downside must be respected as long as price is below .9695. Exceeding that level would shift focus back to .9753 and perhaps .9840.
FOREXTrading Strategy: Flat
LEVELS: .9500 .9547 .9580 .9634 .9695 .9753
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