Australian Dollar Upside Now Favored Towards 10500
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).” I had been looking for a fill of the 11/28 gap but today’s rally suggests that price is headed towards 10500 (c of C) over the next few weeks. Interim resistance on the way up is 10145. Near term supports are 10050 and 10000. The upside is favored against 9880 (Monday low).
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