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AUD/USD Testing Major Price Line

AUD/USD Testing Major Price Line

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

AUD/USD Testing Major Price Line

Chart Prepared by Jamie Saettele, CMT

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

-AUD/USD is testing major resistance in the form of what we call ‘slope’. Parallels to the line that extends off of the October 2013 and July 2014 highs has been useful in identifying important support and resistance in recent years. We’re at the most recent iteration of that line now. A break above would be significant.

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

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