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AUD/USD Bullish Case is Developing (Not Developed)

AUD/USD Bullish Case is Developing (Not Developed)

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_aud-usd_body_Picture_8.png, AUD/USD Bullish Case is Developing (Not Developed)

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-AUDUSD has rebounded from channel support and could be forming the right shoulder of a head and shoulders bottom that started in December.

-Near term support and resistance is estimated at .8934 and .9027.

LEVELS: .8820 .8887 .8934 | .8996 .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.

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