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TFC Commodity Trading Forum

AUDUSD moved up into key near-term resistance *LINK* *PIC*

he AUDUSD moved up into key near-term resistance at 0.9374 today, as we discussed as a potential in this week’s weekly price action outlook. Advanced price action traders may have entered short on a ‘blind sell entry’ near 0.9374. We are seeing an important containment area really from 0.9374 to about 0.9400, and as long as the market stays below that area on a closing basis, we could see prices move lower in the coming days.