AUDUSD Slowly Inching Towards Edge
Prepared by Jamie Saettele, CMT
The AUDUSD continues to trade lower intraday, threaten to break, and then drift higher to close in the middle of its range. Frustrating to say the least, 10464 remains the bearish line in the sand for me. Exceeding that level would shift focus to former supports at 10509 and 10597. Price ideally stays below Monday’s high (10384) on its way towards 10225 and below. Resistance for Wednesday is 10330/60.
Bottom Line (next 5 days) – lower
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