AUD/USD Key Reversal at Top of the Range
Chart Prepared by Jamie Saettele, CMT
-AUD/USD is back at the top of the range. Since the April 2016 top, every poke above .7700 has failed. I wrote recently 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 but would allow for a drop back near .7609/32.
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