AUD/USD Closing in on June 2015 High
Chart Prepared by Jamie Saettele, CMT
-Recent comments regarding AUD/USD noted that “important resistance is around .78. Pronounced divergence with RSI also warns that the Aussie run may be nearing completion.” AUD/USD is trading just above .7800. Barring a late day reversal, the rate is going to close above the line that connects important lows and highs since August 2013. 2 horizontal levels to pay attention to are the June 2015 high at.7849 and the trendline that extends off of the April 2013 and September 2014 highs, which is near .80.
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