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AUDUSD Tests Short Term Trendline Resistance

AUDUSD Tests Short Term Trendline Resistance

2012-03-26 21:02:00
Jamie Saettele, CMT, Sr. Technical Strategist
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Daily Bars

eliottWaves_aud-usd_body_audusd.png, AUDUSD Tests Short Term Trendline Resistance

Prepared by Jamie Saettele, CMT

The AUDUSD has retraced most of the decline from 10636. A setback from the current level, reinforced by trendline resistance and former support at 10557, encounters support at 10490. 10670-10715 is resistance this week and 10425 serves as the pivot.

Bottom Line (next 5 days) – ?

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