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AUD/USD Breaks Above .9000; That Level is Now Support

AUD/USD Breaks Above .9000; That Level is Now Support

2014-01-13 22:11:00
Jamie Saettele, CMT, Sr. Technical Strategist

4Hour

eliottWaves_aud-usd_body_Picture_8.png, AUD/USD Breaks Above .9000; That Level is Now Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-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.

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