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AUD/USD Bottoming Process; Higher Highs and Higher Lows

AUD/USD Bottoming Process; Higher Highs and Higher Lows

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

AUD/USD Bottoming Process; Higher Highs and Higher Lows

Chart Prepared by Jamie Saettele, CMT

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

-AUDUSD has worked higher following the weekly tweezer bottom. The break above the 55 day average shouldn’t be dismissed given failure at the average in June and September. The break above .7279 triggers a double bottom (arguably…some like to see a lower 2nd low) with an objective at .7622.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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