News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
FOREX Technical Analysis: AUD/USD Bullish Bias Favored above 10485

FOREX Technical Analysis: AUD/USD Bullish Bias Favored above 10485

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

FOREX_Technical_Analysis_AUDUSD_Bullish_Bias_Favored_above_10485_body_audusd.png, FOREX Technical Analysis: AUD/USD Bullish Bias Favored above 10485

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: “The AUDUSD closed on the trendline that extends off of the 2011 and 2012 highs on Friday after trading above the line intraweek. Price is back above the line now. Currencies (first the Yen, then the Euro) have been breaking out in recent weeks so perhaps the AUDUSD is next. Respect breakout potential as long as price is above 10356.”

FOREXTrading Strategy: Today’s rally offers some separation from Friday’s low at 10485, which can now be used as a pivot to trade against.

LEVELS: 10485 10506 10548 10598 10624 10730

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES