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AUD/USD Well-Defined .7500 Still Caps Rally

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AUD/USD Well-Defined .7500 Still Caps Rally

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-Recent comments regarding AUD/USD noted that “AUD/USD turned up on the final day of May (low was .7145). Focus is higher until further notice but .7490 (former support) is seen as interim resistance.” AUD/USD has pulled back from the noted level (high was .7504) but more important resistance may not be until near .7700.

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