AUD/USD Nears Pre-Rate Cut High above .7700
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-AUD/USD is approaching and important juncture defined by slope considerations and the pre-May rate cut high at .7719. This level may be resistance but a break above would leave Aussie in full blown bull camp with the focus on the May 2015 high at .8163.
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.