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Australian Dollar Resistance Lines Near 10400

Australian Dollar Resistance Lines Near 10400

2011-03-31 15:41:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_aud-usd_body_audusd.png, Australian Dollar Resistance Lines Near 10400

Prepared by Jamie Saettele

Until an impulsive decline is visible from the high, I am not comfortable with the short side. There are some levels to watch for resistance on the upside, including a line extended from the November and December tops (just above current price) and 10423 (100% extension of 9536-10256 rally).

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