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AUDUSD 10290 and EURUSD 13030/50 of Interest

AUDUSD 10290 and EURUSD 13030/50 of Interest

2012-10-04 12:39:00
Jamie Saettele, CMT, Sr. Technical Strategist
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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

AUDUSD_10290_and_EURUSD_1303050_of_Interest__body_eurusd.png, AUDUSD 10290 and EURUSD 13030/50 of Interest

Prepared by Jamie Saettele, CMT

AUDUSD – 240 Minute Bars

AUDUSD_10290_and_EURUSD_1303050_of_Interest__body_audusd.png, AUDUSD 10290 and EURUSD 13030/50 of Interest

Prepared by Jamie Saettele, CMT

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Jamie is the author of Sentiment in the Forex Market.

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