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AUDUSD Holds 20 Day Average Again

AUDUSD Holds 20 Day Average Again

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_aud-usd_body_audusd.png, AUDUSD Holds 20 Day Average Again

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. The correction is already deep but a drop below last week’s low would probably make bulls suffer until 10322 and maybe 10286.” Exceeding 10447 would increase confidence that a low is in place.

LEVELS: 10320 10367 10400 10447 10515 10574

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

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