AUD/USD Completes Topping Pattern
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“Ultimately, the confluence of former lows and the 200 DMA at .9200 could provide important support for the next low. Failure to hold that level would open up retracement levels at .9080 and .8980.”
-AUDUSD arguably completed a head and shoulders top today. The pattern’s objective is .8971 but there is possible support from .9135 (2 equal legs down and former highs from March).
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