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

RELATED QUOTES

SymbolPriceChange
AUDUSD=X0.9346+0.0013

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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
    1.2526+0.0002+0.02%
    USDSGD=X
    1.7297-0.0005-0.03%
    EURSGD=X
    2.1048+0.0007+0.03%
    GBPSGD=X
    81.8668+0.0845+0.10%
    SGDJPY=X
    6.1905-0.0015-0.02%
    SGDHKD=X
    2.5950+0.0094+0.36%
    SGDMYR=X
    9,116.8926-1.9697-0.02%
    SGDIDR=X
    4.9690-0.0014-0.03%
    SGDCNY=X
    1.1706+0.0018+0.16%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,286.30-7.60-0.59%
    GCM14.CMX
    19.35-0.24-1.23%
    SIK14.CMX
    89.23-0.95-1.05%
    ^XAU
    3.04-0.01-0.18%
    HGK14.CMX
    103.64+0.27+0.26%
    CLM14.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.71-0.02
    ^FVX
    2.69-0.03
    ^TNX
    3.49-0.03
    ^TYX

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  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.113-0.002-1.74%
    B22.SI
    0.135+0.010+8.00%
    545.SI
    2.190.0000.00%
    JS8.SI
    0.605-0.005-0.82%
    E5H.SI
    0.143+0.004+2.88%
    5GB.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.255+0.040+18.60%
    5UE.SI
    0.345+0.045+15.00%
    5DS.SI
    0.18+0.020+12.50%
    T16.SI
    0.19+0.016+9.20%
    540.SI
    0.138+0.011+8.66%
    J74.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.17-0.030-15.00%
    5WD.SI
    0.118-0.014-10.61%
    S71.SI
    0.123-0.013-9.56%
    5FI.SI
    0.20-0.020-9.09%
    D6U.SI
    0.29-0.025-7.94%
    O08.SI