Australian Dollar Eyes February Low at 9962
240 Minute Bars
Prepared by Jamie Saettele
The AUDUSD has dropped to test former support at 10021. A drop below 9962 (February low) would be significant in that it would confirm an intra month reversal. The 20 and 50 day averages are at 10014 and 9992 so this level could provide some support. 10060 is near term resistance. Keep in mind that the year to date high remains the January 3rd high (first trading day of the year). This is the most likely date of the year to produce a high or low for the entire year.
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