Tanalys

AUD/USD Makes 3rd Outside Day Bullish Reversal in 3 Weeks

Daily

Chart Prepared by Jamie Saettele, CMT

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

-“June’s AUDUSD range (3.4%) was the smallest monthly range since October (3.05%). In fact, the intermonth plots of price action for June and October are virtually identical. Both time series form 3 wave corrective (A-B-C) patterns.”

-“Focus remains lower towards .7100/50. A close above .7450 is needed in order to indicate a reversal.”

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