Remember this set of Aussie resistance levels that we had been watching?
With this latest round of Aussie Dollar weakness, I wanted to feature one set of touches across both AUD/USD and AUD/CAD. Did you trade the level?
First up, we have the AUD/USD Daily:
After stepping down following the textbook technical structure on the weekly, AUD/USD has bottomed out and found some serious resistance at the most recent higher time frame swing low.
Keep that chart open…
Next up, we come to AUD/CAD Daily:
Was AUD/CAD really ever going to break through that same level while AUD/USD was so far away from it?
I’ll leave that one with you!
Take advantage of market opportunity on a Vantage FX live MT4 trading account.
Dane Williams – @VantageFX
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Source: Vantage FX Blog