AUDUSD Friday High at 10580 Serves as Pivot
Prepared by Jamie Saettele, CMT
I’ve covered the AUDUSD from about every angle possible recently; the long term triangle, the internal wave count from the June low, momentum implications on multiple time frames, intramonth seasonality, etc. For Friday, all I care about is the Friday high at 10580. As long as price is below there, I’ll maintain a bearish bias. A drop below 10435 would increase confidence in the downside towards 10350. The ‘7 count’ on RSI highlights the corrective nature of the rally from the June low.
LEVELS: 10390 10435 10455 10540 10580 10612
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