AUD/USD Channel Resistance in Play for RBA
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-It took 3 tries, but AUDUSD followed through on its breakout. The advance would consist of 2 equal legs from the January low at .9310. The 2011 low is at .9386. One of these levels may inspire a reaction.
-.9190 is support and only a break under channel support would negate larger bullish implications.
LEVELS: .9119 .9153 .9213 | .9287 .9344 .9386
--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.