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AUD/USD Rides the Channel but Leaves Long Upper Wick

AUD/USD Rides the Channel but Leaves Long Upper Wick

2014-04-09 12:11:00
Jamie Saettele, CMT, Sr. Technical Strategist
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eliottWaves_aud-usd_body_Picture_8.png, AUD/USD Rides the Channel but Leaves Long Upper Wick

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-AUDUSD has traded into the 2011 low and 2009 high (.9386-.9405) and late November high. The market is also at channel resistance. This is a good place for a reaction.

LEVELS: .9284 .9307 .9347 | .9447 .9500 .9580

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

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