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
AUD/USD Monday Reversal Warrants Change in Short Term Bias

AUD/USD Monday Reversal Warrants Change in Short Term Bias

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_aud-usd_body_audusd.png, AUD/USD Monday Reversal Warrants Change in Short Term Bias

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Are you new to FX or curious about your trading IQ?

FOREXAnalysis: Recent evidence, including Monday’s reversal and rejection of the October low, suggests that the AUDUSD is taking a pause from the decline that began in January. Expectations are that the advance proves corrective but could carry back to 1.0374 (former 4th wave) or 1.0413 (61.8% retracement).

FOREXTrading Strategy: Flat

LEVELS: 1.0080 1.0114 1.0182 1.0289 1.0340 1.0374

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

DISCLOSURES