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AUD/USD Pulls Off; Market in No Man’s Land

AUD/USD Pulls Off; Market in No Man’s Land

2014-04-07 21:10:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_aud-usd_body_Picture_8.png, AUD/USD Pulls Off; Market in No Man’s Land

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The AUDUSD 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 or even an important top.

-2 key reversals last week warns of a top. .9190 is still support and a break under channel support is needed to negate larger bullish implications.

LEVELS: .9153 .9190 .9231 | .9285 .9310 .9344

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

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