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

RELATED QUOTES

SymbolPriceChange
AUDUSD=X0.9260-0.0027

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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

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Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.2585+0.0031+0.24%
    USDSGD=X
    1.7360+0.0012+0.07%
    EURSGD=X
    2.1108+0.0042+0.20%
    GBPSGD=X
    81.4898-0.184-0.23%
    SGDJPY=X
    6.1607-0.0149-0.24%
    SGDHKD=X
    2.5978-0.0034-0.13%
    SGDMYR=X
    9,241.9697-57.7148-0.62%
    SGDIDR=X
    4.9610-0.0077-0.15%
    SGDCNY=X
    1.1652-0.0007-0.06%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,273.40-11.20-0.87%
    GCM14.CMX
    19.17-0.27-1.40%
    SIK14.CMX
    92.88
    ^XAU
    3.10+0.04+1.29%
    HGK14.CMX
    101.81+0.37+0.36%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.78
    ^FVX
    2.73
    ^TNX
    3.50
    ^TYX

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  • Most Actives
    Most Actives
    NamePriceChange% Chg
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    B22.SI
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    545.SI
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    5WH.SI
    0.615+0.005+0.82%
    E5H.SI
    1.355+0.005+0.37%
    G13.SI
  • % Gainers
    % Gainers
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    20.00+4.200+26.58%
    K6S.SI
    1.215+0.190+18.54%
    S53.SI
    0.415+0.045+12.16%
    570.SI
    1.345+0.130+10.70%
    5DA.SI
    0.154+0.014+10.00%
    5GD.SI
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    E94.SI
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    567.SI
    0.30-0.020-6.25%
    508.SI