Filed Under:
Forex pairs in this Article » AUD/USD
Daily

eliottWaves_aud-usd_body_audusd.png, AUD/USD Straight Lines into Month Open; Resistance at .9060Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

FOREXAnalysis: “The AUDUSD rally has stalled at the 78.6% retracement of the decline from the July high. A large range weekly key reversal last week supports a bottoming process but the current level is not the place to turn bullish. Daily RSI has recovered slightly above 50. Corrective rallies within larger downtrends often end when RSI reaches 50 or 60.”

FOREXTrading Strategy: .9058-.9110 is now the resistance zone for shorts. The bottom of this zone was actually reached after FOMC minutes.

LEVELS: .8847 .8891 .8928 .9011 .9058 .9110

original source
comments powered by Disqus