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AUD/USD Firms from its Angle of Influence

AUD/USD Firms from its Angle of Influence

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

AUD/USD Firms from its Angle of Influence

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-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 turned up on the final day of May (low was .7145). Focus is higher until further notice but .7490 (former support) is seen as interim resistance.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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