AUD/USD Continues Lower-Next Measurement is .8985
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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FOREXAnalysis: The AUDUSD failed to hold the Sunday night open/low. Focus is back on the next measured level (200% of the 6/11-6/14 range) at .8984. Also, keep an eye on the downward sloping line that extends off of the 6/11 and 6/20 lows. That line isn’t until .8905 on Friday (NFP day).
FOREXTrading Strategy: Flat
LEVELS: .8860 .8984 .9066 .9151 .9252 .9329
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.