FOREX Technical Analysis: AUD/USD Reverses Sharply During US Trading

RELATED QUOTES

SymbolPriceChange
AUDUSD=X0.7676+0.0003

Daily Bars

FOREX_Technical_Analysis_AUDUSD_Reverses_Sharply_During_US_Trading_body_audusd.png, FOREX Technical Analysis: AUD/USD Reverses Sharply During US Trading

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: After coming within nearly 20 pips of the high (and our invalidation level), the AUD/USD sold off sharply. Price remains above the November low of 10329 of which a break would increase confidence in the downside towards 10275. Trendline support rests just below the current level but it’s best to stick with the idea that a top is in place as identified by a JS Spike on 11/7.

FOREXTrading Strategy: Don’t chase weakness in front of trendline support and the monthly low but if not already bearish, then you may wish to try on strength into 10400.

LEVELS: 10192 10275 10359 10400 10440 10480

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...

Explore Related Contents

 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.255+0.025+10.87%
    N21.SI
    0.400.000.00%
    E5H.SI
    0.965+0.005+0.52%
    Y92.SI
    0.295+0.025+9.26%
    RE4.SI
    0.36+0.02+5.88%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.43+0.09+26.47%
    AYB.SI
    0.146+0.028+23.73%
    1C0.SI
    0.30+0.04+13.21%
    1C5.SI
    1.175+0.130+12.44%
    C76.SI
    1.385+0.145+11.69%
    5G3.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.25-0.09-26.47%
    PA3.SI
    0.179-0.061-25.42%
    AZR.SI
    0.097-0.028-22.40%
    L02.SI
    0.25-0.05-16.67%
    BTX.SI
    0.52-0.10-16.13%
    AZA.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4181-0.0025-0.18%
    USDSGD=X
    1.4902-0.0062-0.41%
    EURSGD=X
    1.7655-0.0065-0.37%
    GBPSGD=X
    79.7060-0.27-0.34%
    SGDJPY=X
    5.4705+0.0093+0.17%
    SGDHKD=X
    3.1405+0.0032+0.10%
    SGDMYR=X
    9,416.5518-27.8633-0.30%
    SGDIDR=X
    4.8500+0.0069+0.14%
    SGDCNY=X
    1.0885-0.0015-0.14%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,239.80+0.90+0.07%
    GCJ17.CMX
    17.99-0.01-0.06%
    SIH17.CMX
    91.73-0.83-0.89%
    ^XAU
    2.72-0.02-0.84%
    HGH17.CMX
    53.94-0.39-0.72%
    CLJ17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.92+0.01
    ^FVX
    2.430.00
    ^TNX
    3.04+0.01
    ^TYX