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AUD/USD Resistance Looms Near .7180

AUD/USD Resistance Looms Near .7180

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

AUD/USD Resistance Looms Near .7180

Chart Prepared by Jamie Saettele, CMT

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

-AUD/USD remains in a near term bearish position while below .7223 (latest swing high). .7180 may provide resistance. In the event of fresh trend lows, the next support may not be until the mid-.6700s (1999 high, 2004 low). Strength through .7300 is really needed to indicate more important bullish potential.

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

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