We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bearish
USD/JPY
Bullish
Gold
Bearish
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • making this happen, the webinar begins now -> https://www.dailyfx.com/webinars/3952937094787220994?webinar=3952937094787220994&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr https://t.co/IhM6bDD8H1
  • LIVE IN 5 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/registerToSeminar?webinar=3952937094787220994&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Secretary Mnuchin says he intends to stay in position through second term $DXY
  • LIVE IN 15 MINUTES: Join @JStanleyFX as he runs through price action set-ups for the FX and CFDs market. https://www.dailyfx.com/registerToSeminar?webinar=3952937094787220994&utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • It's been a while since I updated this, but here is what the Fed funds rate would be if we equated stimulus to rate changes (using a Ben Bernanke formula). It is plenty accommodative... https://t.co/BDhje8Ba0Z
  • $DXY continues to weaken through mid-day trading https://t.co/i3xEXsNiZP
  • The #RBA’s unease over subdued household consumption, which had been highlighted in the Q3 GDP report, looks to have spilled into Q4 with the October retail sales dropping to 0%, missing expectations of 0.3%. Get your market update from @JMcQueenFX here:https://t.co/4PB6UbPsQE https://t.co/DkE5rKNeFs
  • I'll be watching the $CAC to $DAX ratio in the coming days as a way of gauging the impact of the ongoing French protests Here's where it is now https://t.co/K3LqrX39aY
  • I'll be watching the $CAC to $DAX ratio in the coming days for any palpable impact of the ongoing French protests You can already see a bit of a drop-off, but time will tell https://t.co/mpWoNBfXRv
  • Secretary Mnuchin says work is being done on Volcker rule, coordinating with other regulators $SPX
Australian Dollar / US Dollar 03-24

Australian Dollar / US Dollar 03-24

2010-03-24 15:27:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

 0324audusd

No change: “A diagonal can be counted as complete from 8800 and the break of 9090 inspires confidence in the downside. The diagonal from 8800 may complete wave C of an A-B-C correction from just below 8600. If this count is correct, then the entire advance (from 8600) will be retraced over the next several weeks. It is worth noting that 21 day ATR was recently at its lowest point since July 2008. As a barometer of risk aversion, the complacency that is indicated by the low ATR level warns of a top and reversal.”

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.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.