Australian Dollar Make or Break Time
Prepared by Jamie Saettele, CMT
The AUDUSD is off of last week’s high and is nearing the range low at 10595. A drop below would encounter support at the 1/30 low of 10525 but near term shorts (this week) are favored until at least 10450 (161.8% extension of 10844-10597 / 10856 and1/17 high). Resistance is 10705 and 10755.
Bottom Line – lower
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