Australian Dollar Steep Support Line in Play
Prepared by Jamie Saettele, CMT
“An extended advance above the August high of 11078 cannot be dismissed as the decline from that level is left as a 3 wave drop.” The sharp decline to begin the week has met support from former resistance at 10500 and the steep trendline off of the October lows. As such, focus remains on a new high (above 10752).
Trend Strength (M,W,D) – (1), 1, 1
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.