AUDUSD 10325 is Expected Support
240 Minute Bars
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 10500. The combination of price testing resistance from mid-month highs and the impulsive nature of the rally from 10247 gives scope to a setback into 10305/25 (50%-61.8% retracement). A final C wave push into 10500 (likely coincident with a final high in the S&P 500) may complete the rally from 10225.
Bottom Line (next 5 days) – topping
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