AUD/USD Fizzles above .7500; Watch for Support from Former Highs
Chart Prepared by Jamie Saettele, CMT
-AUD/USD has broken through important resistance. As noted in the last update, “look towards the .7500 area. Aside from the psychological presence, .7500 was a congestion area last July.” The resistance zone of .7532-.7625 is defined by the April and February 2015 lows. Even if the broader trend is higher, weakness could materialize from this zone.