Prepared by Jamie Saettele, CMT
The AUDUSD is nearly unchanged for April following last week’s late surge. As focused on last week, the inability of price to break lower at the early year opening range suggests that the path of least resistance is higher. 10540 (50% retracement of decline from 10855) and 10596 (former support) are now resistance. 10325 and 10350 are supports. Heads up, RBA is tonight.
Bottom Line (next 5 days) – ?