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AUDUSD Respects 10320 For Now-Sub 10300 Still Possible

AUDUSD Respects 10320 For Now-Sub 10300 Still Possible

Jamie Saettele, CMT, Sr. Technical Strategist

60 Minute Bars

eliottWaves_aud-usd_body_audusd.png, AUDUSD Respects 10320 For Now-Sub 10300 Still Possible

Prepared by Jamie Saettele, CMT

Like EURUSD 12750, AUDUSD 10260/75 is deemed a level of heightened interest. The level is defined by a Fibonacci confluence and intersects channel support tomorrow (Thursday). A break below the downward sloping channel would be an early indication that the AUDUSD is headed for a break below 10165. The AUDUSD is pressured sub 10462. 10385/10405 is resistance.

LEVELS: 10260 10290 10320 10385 10405 10462

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