Australian Dollar Channel Defines Trend-Focus is on 10500
300 Minute Bars
Prepared by Jamie Saettele, CMT
There isn’t much change from yesterday’s comments when I wrote that “the best bet is to expect a reaction from the current level (10200ish) lower into mentioned supports before additional strength towards 10400. 9865 (last night’s low) will serve as the pivot.” The AUDUSD has come off of its high from last night (made in spike fashion following the employment report) and additional weakness encounters support at 10075 and 10015.
Trend Strength (M,W,D) – (1), (1), 1
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.