AUD/USD Still Failing at Long Term Resistance; Testing 200 Day Average
Chart Prepared by Jamie Saettele, CMT
-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.” I’d continue to be aware of .7380s given the manner in which Aussie has turned over and the positioning as per COT (see here).
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