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AUD/USD Oscillating around the 200 Day Average and December High

AUD/USD Oscillating around the 200 Day Average and December High

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“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.

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