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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

AUD/USD Enters Long Term Zone That Could Provide Support

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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