AUDUSD 10425/50 is Expected Resistance
Prepared by Jamie Saettele, CMT
The AUDUSD finds itself at an important juncture defined by the 200 day average and trendline that extends off of the 2011 lows. As mentioned yesterday, the AUDUSD has lagged other ‘risk’ assets such as US equities and a lagging market is a vulnerable market. A break of 10335 would shift focus to former pivots at 10220 and 10150. 10425/50 is resistance.
Bottom Line (next 5 days) – lower
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