AUD/USD Inside Day at Major Resistance
Date
8/15/2016 5:42:15 AM
(MENAFN- DailyFX) Daily
Chart Prepared by Jamie Saettele, CMT DailyFX Trading Guides and Forecasts -There is no change to the near term Aussie outlook. 'AUD/USD is approaching an important juncture defined by slope considerations and the pre-May rate cut high at .7719. This level may be resistance but a break above would leave Aussie in full blown bull camp with the focus on the May 2015 high at .8163 and eventually an .8700 handle. Near term, AID/USD needs to hold .7420 to stay constructive.” For more analysis and trade setups (exact entry and exit), visit SB Trade Desk
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