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AUD/USD Still Failing at Resistance; 200 Day Average is Near .7550

AUD/USD Still Failing at Resistance; 200 Day Average is Near .7550

2017-03-28 19:56:00
Jamie Saettele, CMT, Sr. Technical Strategist
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AUD/USD Still Failing at Resistance; 200 Day Average is Near .7550

Chart Prepared by Jamie Saettele, CMT

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Real Time Positioning

-AUD/USD is pulling back from the top of its 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 (watch that for support again).

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