AUD/USD Dips but Trendline is Slightly Higher
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-It’s worth noting that AUDUSD resistance probably rests around (just above and below) .90. The 12/6 low is at .8989 and the 1/3 high is at .9004. The line that extends off of the 12/10 and 1/13 highs is at .9002 on Tuesday.
-Former range highs from .8825 to .8833 are now possible supports.
LEVELS: .8833 .8873 .8905 | .9004 .9045 .9085
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.