AUDUSD Focus Shifts to 10260/70
60 Minute Bars
Prepared by Jamie Saettele, CMT
The drop below last week’s low (just happened as I was writing this) shifts focus to 10320 (expect a response if only intraday) and probably 10260/75. This latter level is defined by a Fibonacci confluence and intersects channel support on Thursday. A break below the downward sloping channel would be an early indication that the AUDUSD is headed for a break below 10165. Look lower as long as price is below 10462. 10380/10410 is resistance tonight.
LEVELS: 10260 10290 10320 10380 10410 10462
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