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

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.

--

Did you know that you can get stories like this on the Yahoo mail app?
Download it here.
Loading...
 
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 Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.3185-0.0088-0.66%
    USDSGD=X
    1.4469+0.0023+0.16%
    EURSGD=X
    2.0203-0.0009-0.05%
    GBPSGD=X
    90.1287+0.4013+0.45%
    SGDJPY=X
    5.8781+0.0388+0.67%
    SGDHKD=X
    2.6941+0.0234+0.88%
    SGDMYR=X
    9,814.0732+57.4072+0.59%
    SGDIDR=X
    4.7048+0.0191+0.41%
    SGDCNY=X
    1.0561+0.0142+1.36%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,212.00+8.80+0.73%
    GCM15.CMX
    16.55+0.16+0.95%
    SIK15.CMX
    73.85+2.17+3.03%
    ^XAU
    2.79+0.01+0.29%
    HGN15.CMX
    57.06+0.07+0.12%
    CLM15.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.38+0.04
    ^FVX
    1.96+0.03
    ^TNX
    2.65+0.04
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.2950.0000.00%
    5WA.SI
    0.865+0.015+1.76%
    N21.SI
    0.42-0.01-1.18%
    E5H.SI
    0.235+0.005+2.17%
    5GB.SI
    0.745-0.020-2.61%
    Y92.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.159+0.046+40.71%
    5IF.SI
    0.28+0.06+27.27%
    5OC.SI
    0.136+0.026+23.64%
    5UA.SI
    0.23+0.02+9.52%
    M11.SI
    0.24+0.02+9.09%
    5CF.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.188-0.052-21.67%
    5OF.SI
    0.089-0.016-15.24%
    S13.SI
    1.40-0.13-8.50%
    T14.SI
    0.325-0.030-8.45%
    T43.SI
    0.435-0.040-8.42%
    CH8.SI