AUD/USD Bearish Risk is Moved Down to 10350
Weekly Bars
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
FOREXAnalysis: It’s possible that this is the beginning of the larger AUDUSD triangle E wave towards 9800-9900. The most aggressive AUDUSD target is 9700. This objective is reached by extending the 10148-10598 range from 10148 (10148 needs to break first of course). Potential supports ahead of 10148 are 10287, 10235, and 10192.
FOREXTrading Strategy: Downside risk has been minimized to 10350.
LEVELS: 10148 10192 10230 10315 10350 10415
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