AUDUSD Crawls Midpoint of Last Week’s Range
Prepared by Jamie Saettele, CMT
The AUDUSD has indeed crawled higher this week after Sunday’s gap down. The technical condition is similar to December 2007 and February 2010 with respect to short term volatility figures and price rebounding from 20 day lows. I both instances, the AUDUSD continued higher. 10330/50 (former support, 38.2% retracement, 20 day average) is of interest as long as price is above 10148. Weakness below 10048 would set sights on 9968/79.
LEVELS: 10100 10148 10209 10293 10330 10402