AUDUSD November Low in Focus at 9663
Prepared by Jamie Saettele, CMT
The AUDUSD has cleanly broken below the trendline that extends off of the May 2010 and October 2011 lows as well as the downward sloping channel that defines the trend since the February top. Focus is on gap left open from 11/28/11 at 9773 and the November low at 9663 as long as price is below 9934. Exceeding 9934 would suggest a larger retracement of the decline from 10473 is underway towards 10020.
LEVELS: 10110 10109 10020 9967 9934 9773 9663