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AUD/USD Risk as Higher as Long as in Range

AUD/USD Risk as Higher as Long as in Range

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

AUD/USD Risk as Higher as Long as in Range

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-AUDUSD followed through on its 11/7 outside reversal and has now filled the early November gap. Action since October is probably consolidation that gives way to another leg lower but AUDUSD could trade up to .8850 before enduring intense pressure again.

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

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