AUD/USD Bottoming Process; Higher Highs and Higher Lows

Daily

Chart Prepared by Jamie Saettele, CMT

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-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.

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