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AUD/USD .9100-.8900 Range Dominates For Now

AUD/USD .9100-.8900 Range Dominates For Now

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_aud-usd_body_Picture_8.png, AUD/USD .9100-.8900 Range Dominates For Now

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-“AUDUSD completed a nearly 3 month head and shoulders pattern last week. The target for the pattern is .9511. Consider the path higher as long as price is above .8972. Breakouts can and do fail. If this one is going to fail, then the most likely places to do so are .9167 or .9268.”

-Focus remains on .9168 and/or .9268 but maybe not before additional range trading. .8987-.9010 is estimated support.

LEVELS: .8944 .8987 .9045 | .9105 .9167 .9267

--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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