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AUD/USD Fails Before Resistance; .7380s Re-Test Coming?

AUD/USD Fails Before Resistance; .7380s Re-Test Coming?

2016-04-05 18:42:00
Jamie Saettele, CMT, Sr. Technical Strategist
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AUD/USD Fails Before Resistance; .7380s Re-Test Coming?

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Recent comments regarding AUD/USD noted that “.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).” AUD/USD turned down sharply before cited resistance. Copper turned down a full 9 days before AUD/USD (China turned down 1 day before AUD/USD). Former resistance at .7380 is a near term pivot.

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