Daily
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
Automate trades with Mirror Trader and see ideas on other USD crosses
–AUDUSD is nearing the bottom of its month long range following the failed breakout above .9000. A period of wider ranging remains possible. .8860/75 is possible support before the low.
-Continue to favor a larger upward correction as long as the lows hold. In general, resistance is likely from .9167-.9267. This zone is identified as a region to return to a longer term short position.
LEVELS: .8820 .8858 .8881 | .8968 .9004 .9054
–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.