AUD/USD Strength Rejected at December Low
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-The AUDUSD measured level from the latest break is .8554. The December low at .8820 rejected today’s advance.
-This market made a massive outside week 2 weeks ago. The week actually engulfed the prior 4 weeks. It’s impossible to know whether the move constitutes exhaustion or the beginning of the next leg down but it’s often best to respect trend.
LEVELS: .8659 .8695 .8737 | .8795 .8820 .8864
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