AUDUSD Parity Still Viewed as Impediment to Gains
Prepared by Jamie Saettele, CMT
I maintain that “risk on shorts can be moved to the Sunday night high and that focus for the week is on 9800 and 9750.” If Sunday night’s high does not hold, then focus will shift to the underside of the trendline that extends off of the 2010 and 2011 lows at about 10060 this week and then the 5/10 high (also 1/9 low) at 10143. Gold has been leading for a few weeks and is something to keep an eye on as well.
LEVELS: 9800 9850 9915 9965 10007 10160
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.