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AUD/USD 4 Year Low; Threatens Major Channel

AUD/USD 4 Year Low; Threatens Major Channel

Jamie Saettele, CMT, Sr. Technical Strategist


AUD/USD 4 Year Low; Threatens Major Channel

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 filled the early November gap. Action since October is probably consolidation that gives way to another leg lower.”

-Today’s 4 year low sets the pivot at .8795 but support surrounds .8500.

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.