AUD/USD Nears Important Resistance Level
Chart Prepared by Jamie Saettele, CMT
-Recent comments regarding AUD/USD noted that “the turn higher this week raises the possibility that price action since 3/18 is corrective (triangle?) before additional strength into more important resistance.” That ‘important resistance’ is around .78. Pronounced divergence with RSI also warns that the Aussie run may be nearing completion.
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