AUD/USD 200 Day Average and December High Fail to Hold
Chart Prepared by Jamie Saettele, CMT
-“It might be time to fight the uphill battle as the rally from 2/7 takes the shape of a wedge. AUD/USD responded with its largest 1 day drop since November (day after the U.S. election) last week. The 200 day and December high should be watched for support near .7525.” The noted level did not hold so focus is lower. The October and December 2015 highs at .7380 could be of interest.
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