AUDUSD Holds Wednesday Low in Range Trade
Prepared by Jamie Saettele, CMT
10805/55 remains of interest in the weeks ahead for the AUDUSD but near term focus is on identifying completion of the decline from 10624. Tuesday’s low has held but a drop below wouldn’t negate the larger bullish bias (I’ve tightened my stop today to the Wednesday low but the larger bias remains bullish above 10320) and encounter support at 10367/10400.
LEVELS: 10320 10367 10400 10485 10550 10624