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Australian Dollar Short Term Trendline Resistance

By Jamie Saettele, CMT, Sr. Technical Strategist
03 September 2010 14:37 GMT

60 Minute Bars

eliottWaves_gbp-usd_body_100903_085147_CQG_IC_Screen.png, Australian Dollar Short Term Trendline Resistance

Prepared by Jamie Saettele

The AUDUSD has gone north in a hurry and I’m upset with myself for missing this move. However, the market will be here next week and I lean towards buying weakness. The latest surge may have been a thrust from a triangle. If so, then the AUDUSD should come down to at least 9050.

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03 September 2010 14:37 GMT