FOREX Technical Analysis: AUD/USD Trendline Confluence is Just above 10550
Chart Prepared by Jamie Saettele, CMT
FOREXAnalysis: Nothing has changed in quite a while regarding the AUDUSD. “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.”
FOREXTrading Strategy: Shorting at 10550.
LEVELS: 10340 10393 10447 10490 10550 10624