Australian Dollar Sideways Trend Remains For Now
Prepared by Jamie Saettele, CMT
The AUDUSD may still be a few hundred pips away from a turn. Focus remains higher towards 10446 (11/3 high) and 10579 (100% extension of 9663-10379 rally) in what may be wave D of a triangle from the 2011 high. Support from 10230 held Friday and a constructive view is warranted against that level. 10285-10310 is short term support.
Bottom Line – long against 10230, target 10575
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