Skip to content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
AUD/USD Early Year Trendline Test

AUD/USD Early Year Trendline Test

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Remember, “AUD/USD has followed through on its outside week reversal (lower) so broad focus is still lower”…and “a bear flag has formed, suggesting that the broader move lower is resuming…the last week or so of sideways trade is seen as nothing more than a pause until weakness resumes towards .7000.” Put up or shut up time for bears in Aussie. Strength through .7370 would do structural damage to the bear case and strength towards 2016 range highs would start to become more of a reality.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES