Australian Dollar Reaches Resistance Line
60 Minute Bars
Prepared by Jamie Saettele
The sharp and impulsive rally from 9700 (nearly 500 pips in less than 6 days!) damages the larger bearish case. I do expect a top and weakness near term as per the impulsive rally from 9700 (corrections follow impulses). Support begins at 10064 with a drop below giving scope to a test of 9963 and then 9873.
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