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
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
GBP/USD
Mixed
USD/JPY
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
Gold
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
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • PBoC state that they will offer abundant liquidity after holidays through open market operations
  • Join @PaulRobinsonFX 's #webinar at 5:30 AM ET/10:30 AM GMT for insight on London #FX and #CFD trading. Register here: https://t.co/AoM3UvLtcF https://t.co/J6gdbuoij7
  • What are the Market cycles? How are #currencies impacted in these cycles? How can these cycles impact #forextrading patterns? Find out here: https://t.co/ckr2fUOWqW https://t.co/UbtbJog492
  • ICYMI: Japanese Government nominated Seiji Adachi to replace BoJ dovish dissenter Harada - Adachi also favours reflationary economic policy $JPY https://t.co/0coydAoDWJ
  • US 3-month and 10-year yield inverts for the first time since October 2019
  • Hang Seng during SARS outbreak, alongside previous virus outbreaks https://t.co/9gtJ0Xa2fN
  • RT @tracyalloway: Whatever you think of the severity of the coronavirus, it seems clear that this will be having an economic impact on Chin…
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.41%, while traders in US 500 are at opposite extremes with 67.78%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/H4A6AAz9KO
  • Have you been catching on your @DailyFX #podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/Twr44cZ1GB https://t.co/iX2cdaoGjL
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Gold: -0.20% Oil - US Crude: -0.39% Silver: -0.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/OKRmD7YH9U
Australian Dollar / US Dollar 05-10

Australian Dollar / US Dollar 05-10

2010-05-10 16:34:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

 

AUDUSD0510
 
Recent commentary was that “I remain focused on the reversal from two Monday’s ago (AUDUSD), which brings forth the potential for a double top with the November 2009 high at 9400.  However, bears have been unable to register a close below the short term support line (not to mention the longer term channel line).  Of note is the dark cloud cover candle pattern on the weekly (bearish reversal).”  The AUDUSD has plunged below its year + channel and the next level of interest on the downside is the February low at 8575.  9130 is resistance.  
 

 

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.