AUD/USD at Slope Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“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 for a countertrend move (higher) spans .8067 to .7927 (2010 low to 50% of rally from 2001 low with 2004 and 2005 lows in between).
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