News Column

AUD/USD Retraces Last Thursday?s Pop

June 2, 2014

Jamie Saettele, CMT


AUD/USD Retraces Last Thursday's Pop

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)."

-Look towards .9175 and maybe .9140 as long as price is below .9328.

LEVELS: .9138 .9175 .9216 | .9260 .9288 .9308

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

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Source: DailyFx

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