Advertisement
Australia markets open in 5 hours 52 minutes

  • ALL ORDS

    7,862.30
    -147.10 (-1.84%)
     

  • AUD/USD

    0.6419
    -0.0026 (-0.40%)
     

  • ASX 200

    7,612.50
    -140.00 (-1.81%)
     

  • OIL

    85.27
    -0.14 (-0.16%)
     

  • GOLD

    2,399.90
    +16.90 (+0.71%)
     

  • Bitcoin AUD

    97,730.03
    -2,232.09 (-2.23%)
     

  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     

AUD/USD .7500 Serves as a Solid Dividing Line

Jamie Saettele, CMT

DailyFX.com -

Daily

AUD/USD .7500 Serves as a Solid Dividing Line
AUD/USD .7500 Serves as a Solid Dividing Line

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-AUD/USD has followed through on its outside week reversal (lower) so broad focus is still lower. I noted last update to “watch .7520-.7600 for resistance…the zone is defined by the 200 day average, and 61.8% retracement of the decline from the 11/9 high.” AUD/USD ended up turning over a few ticks under .7500, which has proven a useful pivot at times since July 2015 (initially as resistance following a gap).


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.