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AUD/USD Continues Lower-Next Measurement is .8985

AUD/USD Continues Lower-Next Measurement is .8985

Jamie Saettele, CMT, Sr. Technical Strategist


eliottWaves_aud-usd_body_audusd.png, 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.