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AUD/USD Trend Best Described as Sideways to Up

AUD/USD Trend Best Described as Sideways to Up

2015-06-02 21:03:00
Jamie Saettele, CMT, Sr. Technical Strategist
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AUD/USD Trend Best Described as Sideways to Up

Chart Prepared by Jamie Saettele, CMT

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

-The sharp turn higher in AUDUSD raises the specter of additional range trading (between .7600 and .8100).

-Levels to pay attention to within the range for short term traders are .7830/50 and .7940 for resistance and .7670/90 for support.

For more analysis and trade setups, visit SB Trade Desk

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

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