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AUD/USD Reaction Levels Seen at .9412 and .9320

AUD/USD Reaction Levels Seen at .9412 and .9320

2014-05-12 17:11:00
Jamie Saettele, CMT, Sr. Technical Strategist
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AUD/USD Reaction Levels Seen at .9412 and .9320

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.” Stay constructive but know that .9412 is a possible reaction level.

LEVELS: .9288 .9320 .8354 | .9384 .9412 .9460

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

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