AUD/USD Covers 9/13 Close; .9267-.9305 is Now Resistance

| 21 november, 2013 | 0 kommentarer

4Hour

eliottWaves_aud-usd_1_body_Picture_8.png, AUD/USD Covers 9/13 Close; .9267-.9305 is Now Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

Bigger picture, the market broke from a symmetrical triangle the week that ended 5/17/2013. The recent top is just pips from that close level (with an outside day reversal on 10/23) and right at channel resistance.

-The advance from the August low is defined by converging lines (pennant, common in bear market advances).

AUDUSD covered the 9/13 close (.9243). A bounce could begin from .9187.

Trading Strategy: The first target was hit at .9250. The stop on the remainder is lowered to .9450. I am on the lookout for a chance to add to the position.

LEVELS: .9069 .9115 .9187 | .9255 .9268 .9304

— 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

Din e-postadress kommer inte publiceras. Obligatoriska fält är märkta *