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AUD/USD .7300 is Important Resistance

AUD/USD .7300 is Important Resistance

Jamie Saettele, CMT, Sr. Technical Strategist


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

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