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Afternoon Technicals (all charts)
The EURUSD is well bid this morning and focus remains on 13030/50 and perhaps even 13115. I’ll be looking for signs of failure near the top of the range, especially if on a post ECB or Fed minutes reaction.
The AUDUSD is reversing after last night’s spike below 10200. The latest 10181-10238 congestion (57 pips) may help identify the next resistance. In fact, adding the difference of the range to top of the range yields 10295 (10238+57), which is clearly in line with former support at 10290.
EURUSD – 60 Minute Bars
Prepared by Jamie Saettele, CMT
AUDUSD – 240 Minute Bars
Prepared by Jamie Saettele, CMT
To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele
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Jamie is the author of Sentiment in the Forex Market.
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