Daily Bars
Prepared by Jamie Saettele
The AUDUSD surge on Friday may have been a thrust from a triangle. If so, then the AUDUSD should come down to at least 9050 this week. As such, favor the downside from here. The top side of a former resistance line may be support as well. That line is at 8967 today and decreases about 11 pips per day.
Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday evenings), technical analysis of currency crosseson Wednesday and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum. He is the author of Sentiment in the Forex Market. Follow his intraday market commentary and trades at DailyFX Forex Stream. Send requests to receive his reports via email to jsaettele@dailyfx.com.
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