AUD/USD Small Coil Below Channel Resistance
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“Today’s (2/26) reversal comes just shy of channel resistance. As long as price is contained by channel resistance, downside resolution remains possible.” AUDUSD is at new lows and focus now shifts to the lower end of the channel in the low .70s but channel resistance must hold. A push above would indicate an important behavior change.
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