AUD/USD Tight Range Enters Day 8
Markets

AUD/USD Tight Range Enters Day 8

DailyFX.com -

Daily

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-AUD/USD is trading at a long term parallel (essentially the beginning of a resistance zone that stretches to the 2016 high at .7835) but the last week+ could be consolidation before another push higher. The near term bias line is .7600. As long as price is above the figure, shorts are fighting an uphill battle. Even a drop below .7600 could see support near .7525 (December high).

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 IG .

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