News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
AUD/USD Sits at Short Term Channel Support before RBA

AUD/USD Sits at Short Term Channel Support before RBA

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_aud-usd_body_Picture_8.png, AUD/USD Sits at Short Term Channel Support before RBA

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-AUDUSD spiked below the recent range on Monday, thus negating the triangle that I thought had been forming early last week. Now the rate has rebounded from channel support ahead of RBA.

-Monday’s low is a few ticks above the 1/22 high (.8887). .8820 and .9025 are probably important levels for the rest of the week.

LEVELS: .8730 .8820 .8887 | .8964 .9027 .9066

--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.

DISCLOSURES