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Australian Dollar / US Dollar 03-11

Australian Dollar / US Dollar 03-11

2010-03-11 15:45:00
Jamie Saettele, CMT, Sr. Technical Strategist
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 aud0310

 

I remain bigger picture bearish against 9334 but I cannot rule out a push above 9200 before the decline continues.  A diagonal can be counted as complete from 8800 but not until a break of 9050 would I feel confident in the downside. 

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, 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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