AUD/USD Tests Broken Resistance Line

By DailyFx | Updated July 30, 2014 AAA

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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

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