AUD/USD Nearing 2012 Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader
-Price traded through a level that has served as a significant pivot since November 2007; the November 2007 high, November 2009 high, April 2010 high, and October 2011 low.
-The measured move from the break earlier this year is well below the current level (near .7700).
-Resistance from here if price continues higher is the 100% expansion of the 8/19-8/30 decline at .9573 and 2012 low at .9580.
Trading Strategy: Watching .9580 for possible top.
LEVELS: .9392 .9439 .9475 | .9580 .9665 .9715
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