AUD/USD Daily Reversal Following Test of September Low
Chart Prepared by Jamie Saettele, CMT
-The last updated noted that “AUD/USD is testing major resistance in the form of what we call ‘slope’. Parallels to the line that extend off of the October 2013 and July 2014 highs have been useful in identifying important support and resistance in recent years…The rejection is bearish…” AUD/USD tested the September low today and then made a daily key reversal, which warns of a rally attempt.
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