News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
AUDUSD Trades above 10500 for First Time Since March

AUDUSD Trades above 10500 for First Time Since March

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_aud-usd_body_audusd.png, AUDUSD Trades above 10500 for First Time Since March

Prepared by Jamie Saettele, CMT

The swings since the 2011 high compose a triangle. The NZDUSD pattern makes it more likely though that the triangle is not bullish but rather forming from the October 2011 low as wave B within an A-B-C decline from the 2011 high. A series of zigzags is underway from the 6/1 low. The implications are for a retracement of the advance from 10172 before a run at and top near 10600. Retracement levels range from 10250 to 10340 with 10380 as interim support.

LEVELS: 10345 10383 10449 10520 10557 10600

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.