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AUD/USD Churns After Daily and Weekly Key Reversals

AUD/USD Churns After Daily and Weekly Key Reversals

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-AUDUSD has consolidated since the 2/3 high volume reversal. The rate also registered a weekly key reversal which is a good way to begin at least a countertrend move (higher). .8030/50 sticks out as resistance over the next several weeks.

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

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