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AUD/USD .7300 is Important Resistance

AUD/USD .7300 is Important Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

AUD/USD .7300 is Important Resistance

Chart Prepared by Jamie Saettele, CMT

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

-After turning down sharply from ‘angle resistance’, AUD/USD begins November on a bullish note. Resistance looms near .7300 and a move through there would indicate bullish potential until at least the mid-.7500s. In the event of fresh trend lows, the next support may not be until the mid-.6700s (1999 high, 2004 low).

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

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