AUD/USD Stalls at Year Open; Breakout Focus is on .8300s
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
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-“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.” The move completes a broadening bottom. Look towards .8295-.8375. Support may reside near .8030.
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