News Column

AUD/USD Strength Rejected at December Low

January 28, 2014

Jamie Saettele, CMT

Daily Automate trades with Mirror Trader and see ideas on other USD crosses -The AUDUSD measured level from the latest break is .8554. The December low at .8820 rejected today's advance. - This market made a massive outside week 2 weeks ago. The week actually engulfed the prior 4 weeks. It's impossible to know whether the move constitutes exhaustion or the beginning of the next leg down but it's often best to respect trend. LEVELS: .8659 .8695 .8737 | .8795 .8820 .8864 --Trading specifics (setups with entries, stops, targets) are availableto J.S. Trade Desk members .

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Source: DailyFx

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