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AUD/USD Breaks Through Tight Range; .7600 Remains Key

AUD/USD Breaks Through Tight Range; .7600 Remains Key

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-AUD/USD continues to trade at a long term resistance zone (stretches to the 2016 high at .7835). The near term bias line is (still) .7600. As long as price is above the figure, shorts are fighting an uphill battle. A drop below .7600 could see support near .7525 (December high).

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