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
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Bearish
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Australian Dollar / US Dollar 03-25

Australian Dollar / US Dollar 03-25

2010-03-25 14:20:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:
audusd0325
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.