AUD/USD Bearish Outside Day
Chart Prepared by Jamie Saettele, CMT
-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). Today’s outside day reinforces near term bearish behavior. .7380-.7415 is the next decision zone.
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