AUD/USD Trying to Hold .7860s
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
-“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 .7860.”
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.