DailyFX.com -

Daily

AUD/USD Bullish Undertones

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“Ultimately, the confluence of former lows and the 200 DMA at .9200 could provide important support for the next low. Failure to hold that level would open up retracement levels at .9080 and .8980.”

-Action since 8/21 suggests that a low is in now and that a strong advance is around the corner. .9370-.9403 is a reaction zone.

--Tradingideas are availabletoJ.S. Trade Desk members.

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Heavy Event Risk in Jobs Data, Rate Decision Will Confront Summer Trading

  2. Forex News

    US Dollar as ‘Data Dependent’ as the Fed as NFPs Approach

  3. Forex News

    Australian Dollar Looks to RBA, US Jobs Data to Drive Volatility

  4. Forex News

    Monetary Policy Speculation Continues Next Week With NFPs, RBA and BoE

  5. Forex News

    Weakest Wage Growth Since 1982 Shocks USD Out of Intraday Rally

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!