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AUD/USD Near Term Downtrend While Below .7223

AUD/USD Near Term Downtrend While Below .7223

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

AUD/USD Near Term Downtrend While Below .7223

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 has resumed lower and is in a near term bearish position while below .7223 (latest swing high). 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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