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AUD/USD 3 Month Low; Lots of Stuff Near .7380

AUD/USD 3 Month Low; Lots of Stuff Near .7380

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

Real Time Positioning

-No change to comments regarding Aussie…which remains heavy. “AUD/USD is pulling back from the top of its range. Since the April 2016 top, every poke above .7700 has failed. 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).”

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

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