Tanalys

AUD/USD Sits at Short Term Channel Support before RBA

Daily

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

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

AUDUSD spiked below the recent range on Monday, thus negating the triangle that I thought had been forming early last week. Now the rate has rebounded from channel support ahead of RBA.

-Monday’s low is a few ticks above the 1/22 high (.8887). .8820 and .9025 are probably important levels for the rest of the week.

LEVELS: .8730 .8820 .8887 | .8964 .9027 .9066

–Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.

Exit mobile version