News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Australian Dollar 10200 Serves as Pivot

Australian Dollar 10200 Serves as Pivot

Jamie Saettele, CMT, Sr. Technical Strategist

240 Minute Bars

eliottWaves_aud-usd_body_audusd.png, Australian Dollar 10200 Serves as Pivot

Prepared by Jamie Saettele, CMT

Ultimately, a corrective wave is probably underway in the AUDUSD from the November low (9663) but a drop below 10200 would trigger the above count and shift focus towards the December low (9863). What’s more, that rally on 1/3 feels like exhaustion. Action may get choppy in the 10175-10215 area (61.8%-50% retracement, former pivots, and channel line) but a break below would probably see acceleration towards 10043. 10300 is resistance Friday.

Other TA Articles

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.