AUDUSD 10330 of Interest as Resistance
240 Minute Bars
Prepared by Jamie Saettele, CMT
The AUDUSD has rebounded after gapping lower to open the week. Focus throughout October is lower towards 9968/80 (6/25 low and 61.8% retracement of rally from 9580) and 9900 (5/29 high) but respect potential for a more pronounced bounce into 10274 (10/5 high) or 10330 (38.2% retracement and former support). Weakness below the Monday low would warrant a breakout strategy towards the mentioned levels against the intervening high for the week (so far that high is 10219).
LEVELS: 10100 10148 10176 10220 10274 10330
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