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AUD/USD – Current Level is Tricky-Pay Attention above .7700 Though

AUD/USD – Current Level is Tricky-Pay Attention above .7700 Though

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change to the AUD/USD comments. “It’s not uncommon for an obvious level to get taken out before a pause in the underlying move. In this case, the obvious level is the 12/14 ‘hawkish hike’ day high. Once that gets run, Aussie may be allowed to pull back.” The cross has taken out the level. A floor from 2015 stretches up to the .7620s and should be watched for a response. I’d also pay attention to .7700 (just above), which was resistance throughout 2016.

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