AUD/USD Classical Technical Report 03.21
AUD/USD: Daily studies are finally starting to look stretched and warn of a more significant pullback ahead. Look for the latest break and daily close below 1.0595 to confirm outlook and open the door for a more legitimate bearish reversal towards the 1.0200 area over the coming days. Only a daily close back above 1.0670 would delay topping outlook and give reason for pause.
--- Written by Joel Kruger, Technical Currency Strategist
To contact Joel Kruger, email email@example.com. Follow me on Twitter @JoelKruger
To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to firstname.lastname@example.org
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.