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AUD/USD Pressing Resistance (again); Unchanged Over the Last Year

AUD/USD Pressing Resistance (again); Unchanged Over the Last Year

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-AUD/USD is back at the top of the range. Since the April 2016 top, every poke above .7700 has failed. I wrote last update that “the October and December 2015 highs at .7380 is of interest as long as price is under the February high.” .7380s might not be in the cards following the surge from near the 200 day average. I’m on breakout alert.

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

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