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AUD/USD .9300/20 is Now Support

AUD/USD .9300/20 is Now Support

2014-05-06 21:17:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily

AUD/USD .9300/20 is Now Support

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-AUDUSD dropped into the April low / trendline on NFP and rebounded into the 61.8% of the decline today (Tuesday).

-If the broader bull move has resumed, then expect .9300/20 to hold as support.

LEVELS: .9288 .9320 .9338 | .9377 .9412 .9446

--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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