Australian Dollar 10030 is Critical to Short Term Bear Pattern
300 Minute Bars
Prepared by Jamie Saettele, CMT
The best bet for AUDUSD is a triangle or flat from the October low (with the current rally from the November low as wave C). Near term, a test of the gap from the 11/28 open (and trendline) is still favored in the 9775-9800 area as long as price is below 10030. A larger rally is then expected to commence and eventually exceed 10377. So I remain bearish but do expect to turn bullish next week.
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