Australian Dollar Finds Support ahead of 10400
240 Minute Bars
Prepared by Jamie Saettele, CMT
The AUDUSD advance to 10710 may be an X wave in a larger more complex correction. Support surrounds the 10400 and 10200 levels. Resistance comes in at the short term trendline and a bounce to there would present an opportunity against Friday’s high of 10710.
Support/Resistance Index (M,W,D) – (3), (3), (4)
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Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Monday), technical analysis of currency crosseson Wednesday and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forex Stream. A graduate of Bucknell University, he holds the Chartered Market Technician (CMT) designation from the Market Technician Association. He is the author of Sentiment in the Forex Market. Send requests to receive his reports via email to email@example.com.
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