AUD/USD Awaiting Resolution of Smallest 20 Day Range Since January
Chart Prepared by Jamie Saettele, CMT
-The sharp turn higher in AUDUSD raises the specter of additional range trading (between .7600 and .8100).
-2 lows near .7600 indicates potential for a short term double bottom and continuation of the broader range trade that began in February. A push above .7850 would open up a run towards the .8030s but be aware of resistance within the range near .7794.
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