AUD/USD Rockets Higher from a Lower Parallel
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“AUDUSD made a 20 day high today…the first since October 29th. In fact, the last 2 20 day highs were 9/5/14 and 10/29/14. Those were the exact highs of the move. The same thing could happen here, especially with AUDUSD at trendline resistance.”
-Now at new lows, risk is higher until .8050 as long as price holds today’s reversal lows.
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