AUD/USD Trying to Base for a Bounce
Chart Prepared by Jamie Saettele, CMT
-Recent comments regarding AUD/USD noted that “AUD/USD broke .7500 and has already reached estimated support in the .70-.72 area. Watch for signs of a reversal.” The rate has turned up sharply on the final day of May (from support). As such, price action since 5/24 may compose a near term bottoming pattern.
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