AUDUSD Near Term Focus Now on 10510/20
240 Minute Bars
Prepared by Jamie Saettele, CMT
The bottom came earlier than expected as the AUDUSD never reached 10260/75. There is resistance early in the day from the 38.2% retracement and 9/25 high at 10441/62. The 61.8% retracement and 9/21 high is the next objective however. The decline from 10624 is clearly corrective (complex a-b-c-x-a-b-c) thus a test of the high is probably in order.
LEVELS: 10377 10403 10427 10462 10519 10550
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