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.

Free Trading Guides
Subscribe
Please try again
Select

Live Webinar Events

0

Economic Calendar Events

0

Notify me about

Live Webinar Events
Economic Calendar Events

H

High

M

Medium

L

Low
More View More
AUD/USD Resistance Holding for Now

AUD/USD Resistance Holding for Now

Jamie Saettele, CMT, Sr. Technical Strategist

Share:

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change to AUD/USD comments, which has reached a long term parallel (essentially the beginning of a resistance zone that stretches to the 2016 high). “Aussie weakness continues to hold the December high (former support providing resistance). Weakness below there is needed in order to suggest that behavior has changed. 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.

DISCLOSURES