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AUD/USD Breaks Out; .9530 and .9580 of Interest

AUD/USD Breaks Out; .9530 and .9580 of Interest

Jamie Saettele, CMT, Sr. Technical Strategist


AUD/USD Breaks Out; .9530 and .9580 of Interest

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-AUDUSD broke above the line that extends off of the October and April highs 3 weeks ago. That line held as support 2 weeks ago. “A final high (above the April high) is possible in order to complete impulses at multiple degrees of trend (from the May low and January low).” AUDUSD is at new highs and levels of interest as resistance are .9530 and .9580.

LEVELS: .9388 .9423 .9460 | .9520 .9580 .9621

--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.