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AUD/USD Needs to Close above .7765 Friday for a Weekly Key Reversal

AUD/USD Needs to Close above .7765 Friday for a Weekly Key Reversal

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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-AUDUSD has consolidated since Tuesday’s high volume reversal. A weekly close above .7765 would indicate a weekly key reversal with range sufficient enough to qualify the reversal as worth of attention. Focus would shift to .8030/50.

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

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