AUD/USD Trades Between 20 day MA and Near Term Fibo
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“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.” The rate held .9320 on Tuesday before
LEVELS: .9275 .9300 .9320 | .9362 .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.