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FOREX Technical Analysis: AUD/USD Trendline Confluence is Just above 10550

Jamie Saettele, CMT


Daily Bars

FOREX_Technical_Analysis_AUDUSD_Trendline_Confluence_is_Just_above_10550_body_audusd.png, 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


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