AUD/USD Broadening Bottom Confirmed
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“AUDUSD continues to trade between well-defined slope lines but beware of a possible broadening bottom (very difficult pattern to trade). A break above the resistance line being tested right now would indicate an important change in market behavior.” Today’s move completes a broadening bottom. Look towards .8295-.8375.