DailyFX.com -

Daily

AUD/USD Tests Broken Resistance Line

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-AUDUSD broke above the line that extends off of the October and April highs last week. That line is now being tested from above (as support). A final high isn’t out of the question in order to complete impulses at multiple degrees of trend (from the May low and January low).

LEVELS: .9240 .9275 .9309 | .9446 .9460 .9500

--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    AUD Breaks Out on RBA- NZD Outlook Hinges on Job/Wage Growth

  2. Forex News

    Range in USDOLLAR Index Offers Opportunities on Both Sides This Week

  3. Forex News

    Australian Dollar Soars as RBA Drops Call for Depreciation

  4. Forex News

    AUD/USD Technical Analysis: Narrow Range Still in Play

  5. Forex News

    AUD/USD Range Vulnerable to Dovish RBA, Toughened Verbal Intervention

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!