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AUD/USD Coiling for Next Move Higher

AUD/USD Coiling for Next Move Higher

2016-03-29 18:18:00
Jamie Saettele, CMT, Sr. Technical Strategist
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AUD/USD Coiling for Next Move Higher

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-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).”

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

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