AUD/USD is Constructive on Channel Hold
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-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.
-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 if reached.
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.