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AUD/USD Sizzle Could Fizzle above .7500

AUD/USD Sizzle Could Fizzle above .7500

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

AUD/USD Sizzle Could Fizzle above .7500

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-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.

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

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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