AUD/USD Trading Around Major Resistance
Chart Prepared by Jamie Saettele, CMT
-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.
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