AUD/USD Breaks Above .9000; That Level is Now Support
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The AUDUSD break above .9004 opens the door for a move into .9188 (measured objective from .9004-.8819 range). .9004 is now possible support.
-In general, resistance is likely from .9167-.9267. This zone is identified as a region to return to a longer term short position.
Trading Bias: Flat
LEVELS: .8770 .8820 .9004 | .9120 .9165 .9203
--- Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.