AUDUSD Fails at Parity…Again
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. As price has held up this week, a potential triangle has come to the forefront between 9820 and 10007. 9885-9900 is short term support. Either way, lower prices are suggested from the current level (9950 as I type).
LEVELS: 9800 9850 9900 9965 10007 10160
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