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AUDUSD Closes above 20 Day Average

AUDUSD Closes above 20 Day Average

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_aud-usd_body_audusd.png, AUDUSD Closes above 20 Day Average

Prepared by Jamie Saettele, CMT

10464 remains the pivot but the inability to break lower puts bears in a precarious position. Exceeding 10464 would shift focus to 10550-10600. Recent highs at 10383 and 10418 are resistance for the rest of the week. 10305/15 is support.

Bottom Line (next 5 days) – ?

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