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AUD/USD Extension Target is at .8385

AUD/USD Extension Target is at .8385

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

AUD/USD Extension Target is at .8385

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-Consolidation since the 10/3 has given way to the next leg lower in AUDUSD. The expansion objective from the latest range rests at .8385 although I’d also keep abreast of .8500 as a reaction level.

-Above .8760 would indicate a reversal.

--Tradingideas are availabletoJ.S. Trade Desk members.

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