Australian Dollar Tests Late January Pivot at 10525
Prepared by Jamie Saettele, CMT
The AUDUSD is off 3 days in a row and despite the potential for a bounce from current levels, near term shorts (this week) are favored until 10450 (161.8% extension of 10844-10597 / 10856 and1/17 high). Resistance is now 10600 and 10650.
Bottom Line (next 5 days) – lower
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