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AUD/USD Outside Day is Still the High

AUD/USD Outside Day is Still the High

2016-04-26 16:49:00
Jamie Saettele, CMT, Sr. Technical Strategist
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AUD/USD Outside Day is Still the High

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-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.” The outside day bearish reversal on 4/21 is a good way to make at least a short term top. Weakness below .7630 (4/18) low would bolster bearish prospects.

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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