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AUD/USD Enters Long Term Zone That Could Provide Support

AUD/USD Enters Long Term Zone That Could Provide Support

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

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.”

-A long term zone extends down to .7927 (50% of rally from 2001 low).

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

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