AUD/USD Consolidating-Bigger Resistance is Still .7800
Chart Prepared by Jamie Saettele, CMT
-Recent comments regarding AUD/USD noted that “.7780s or so could influence for something on the downside. AUD/USD turned down sharply before cited resistance. The turn higher this week raises the possibility that price action since 3/18 is corrective (triangle?) before additional strength into more important resistance.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.