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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
Oil - US Crude
Mixed
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Australian Dollar May Still Test October High-10525 is Key

Australian Dollar May Still Test October High-10525 is Key

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_aud-usd_body_audusd.png, Australian Dollar May Still Test October High-10525 is Key

Prepared by Jamie Saettele, CMT

The AUDUSD advanced 4% in January. It is too early to say with confidence that a larger correction of the bull move from the December low. Price pattern is constructive above Monday’s low (10525). A drop under there would shift focus to channel support and the 20 day average near 10440. Until then, respect the potential for a run at the October high (10752).

Bottom Line – flat

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

DISCLOSURES