AUD/USD Oscillating around the 200 Day Average and December High
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). The 200 day and December high should be watched for support near .7525.” Aussie continues to trade quietly around the 200 day average and the noted .7525. The October and December 2015 highs at .7380 is of interest as long as price is under the February high.
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