AUD/USD Might Bounce Near .7100-.7200
Markets

AUD/USD Might Bounce Near .7100-.7200

DailyFX.com -

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Recent comments regarding AUD/USD noted that "important resistance is around .78. Pronounced divergence with RSI also warns that the Aussie run may be nearing completion…the outside day bearish reversal on 4/21 is a good way to make at least a short term top. Weakness below .7500 (trendline) would bolster bearish prospects." AUD/USD broke .7500. Focus is lower.

For more analysis and trade setups (exact entry and exit) , visit SB Trade Desk

original source

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

Learn forex trading with a free practice account and trading charts from FXCM .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

ForEx

Latest Markets Videos