AUD/USD Resistance is Still Higher
Chart Prepared by Jamie Saettele, CMT
-There is no change to near term comments for AUD/USD. “AUD/USD traded up to .7594 on the 14th and dipped to .7415 2 days later before ‘rip resumption’ (I was looking for a re-test of .7380s to get long…FOMC had other ideas). In any case, .7780s or so could influence for something on the downside. If you’re trading AUD/USD, be aware of these levels in copper and FXI (China large cap).”
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.