AUD/USD Pinned to .7500 for Now
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 while above .7285.” The rally from the May low consists of 2 equal legs which is a concern because it’s possible that a 3 wave advance is complete at .7645. Still, .7285 (200 day average and year open) is well-defined for support.
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