AUD/USD Well-Defined .7500 Still Caps Rally
Chart Prepared by Jamie Saettele, CMT
-Recent comments regarding AUD/USD noted that “AUD/USD 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.” AUD/USD has pulled back from the noted level (high was .7504) but more important resistance may not be until near .7700.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.