FOREX Technical Analysis: AUD/USD Continues to Press Against November High
Chart Prepared by Jamie Saettele, CMT
FOREXAnalysis: “10550, the 9/14 reversal day close and 161.8% extension of 10287-10424, is a level that may produce the next top. It’s worth keeping in mind the longer term AUD/USD triangle, in which price probably declines towards parity or below in order to complete triangle wave E.” 10550 would be a level to short if reached.
FOREXTrading Strategy: Exceeding 10490 would delay anything bearish until probably 10550.
LEVELS: 10340 10375 10415 10465 10490 10550
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.