AUD/USD Breakout; July Wicks of Interest Near .7500
Chart Prepared by Jamie Saettele, CMT
-AUD/USD has broken through important resistance. As noted previously, “this angle has been critical since 2013. A push through the line is needed in order to suggest that an important rally is underway. Until then, risk remains for continued sideways trading.” Look towards the .7500 area. Aside from the psychological presence, .7500 was a congestion area last July.