AUD/USD – Pressing Major Breakout Line for 4th Time in 2016
Chart Prepared by Jamie Saettele, CMT
DailyFX Trading Guides and Forecasts
-I had been looking for support in Aussie near .7380 (October and December 2015 highs and the 200 day average is just above those levels) but the immediate return to major resistance puts AUD/USD on ‘breakout alert’. Price must remain above .7442 in order to maintain a constructive near term outlook.
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