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AUD/USD Near Term Focus is on .9275/88

May 19, 2014

Jamie Saettele, CMT


AUD/USD Near Term Focus is on .9275/88

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

-AUDUSD didn't quite trade to .9412 before trading lower. The rate is having issues with .9400 generally (including at the early April top, when the rate closed above .9400 twice before failing).

-A dip into .9300 may be in order. Below .9275 would suggest that the trend has reversed lower.

LEVELS: .9275 .9288 .9317 | .9378 .9412 .9460

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

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Source: DailyFx