AUDUSD Resistance at 10350

Daily Bars

Prepared by Jamie Saettele, CMT

Focus remains on the year to date low at 10145. This level intersects the operative channel tomorrow/Monday. A break below the channel would suggest that a 3rd wave impulse is underway towards December pivots at 10043 and perhaps 9860 (161.8% extension is in the middle of those levels but I place more importance on prior pivtos than Fibonacci). 10350 is resistance.

Bottom Line (next 5 days) – lower