Daily Bars
Prepared by Jamie Saettele
The AUDUSD is bullish over the next several weeks, as a break above 9220 and probably 9400 is expected. The question is whether or not the AUDUSD is going to let us on the train. I don’t like chasing strength. An impulse from 8770 may be nearing an end. If so, then we should be able to buy a dip close to 9050 in the coming days. Stay patient.
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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