AUD/USD .8925 or .9080 Break to Determine Next Move
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-In AUDUSD, “recent action raises the possibility of a triangle unfolding from the 2/12 high. In other words, the range may tighten for a few days before a breakout attempt.”
-Monday’s bullish outside day may portend a break higher. There are a lot of bears out there that would certainly be caught off guard by a break higher. Monday’s low is key to any upside resolution.
LEVELS: .8951 .8987 .9003 | .9065 .9085 .9167
--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.