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 Correction Could Reach mid 10600s

Australian Dollar Correction Could Reach mid 10600s

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_aud-usd_body_audusd.png, Australian Dollar Correction Could Reach mid 10600s

Prepared by Jamie Saettele, CMT

I wrote yesterday that “at some point, this incredibly consistent advance will be interrupted by a sharp decline. Trying to predict when that decline will occur is a fool’s game. Rather, wait for the decline and align with the larger bull move. 10690 is likely support in the event of a larger sell off.” Today’s doji may signal that a decline (although probably in a 4th wave) is about to commence. 10690 remains probable support.

Bottom Line – flat

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