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AUD/USD Consolidating-Bigger Resistance is Still .7800

AUD/USD Consolidating-Bigger Resistance is Still .7800

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

AUD/USD Consolidating-Bigger Resistance is Still .7800

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. 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.

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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