AUD/USD Approaching Trendline Resistance and Former Lows

| 23 december, 2013 | 0 kommentarer

Daily

eliottWaves_aud-usd_body_Picture_8.png, AUD/USD Approaching Trendline Resistance and Former Lows

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

-The AUDUSD has declined for 9 consecutive weeks for the first time since 1982.

-Allowing for a bounce, there is plenty of downside potential. Minor supports come in from .8632 and .8770 but the next major support isn’t until .8068.

Trading Strategy: The goal is to return to the short side on a failed rally into resistance. In general, .8970-.9055 is resistance. Watch for these levels to intersect trendlines that extend off of the Oct and Nov 20 highs as well as the Nov 20 and Dec 10 highs. I remain long AUDJPY (92.45 stop and 93.50 target).

LEVELS: .8770 .8820 .8884 | .8989 .9055 .9119

— Written by Jamie Saettele, CMT, Senior Technical Strategist for DailyFX.com

Taggar: ,

Kategori: Analys från DailyFX

Om skribenten ()

DailyFX från FXCM ger dig dagligen färska tekniska analyser på valuta och råvaror. FXCM är en ledande handelsplattform för trading av finansiella tillgångar med kraftfulla verktyg för alla sorters handel.

Lämna ett svar

E-postadressen publiceras inte. Obligatoriska fält är märkta *