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AUD/USD Coiling for Next Move Higher

AUD/USD Coiling for Next Move Higher

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

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

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

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