News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
AUD/USD Bearish Outside Day

AUD/USD Bearish Outside Day

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

AUD/USD Bearish Outside Day

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). Today’s outside day reinforces near term bearish behavior. .7380-.7415 is the next decision zone.

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.

DISCLOSURES