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

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SymbolPriceChange
AUDUSD=X0.7237+0.0006

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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
    1.3775-0.0005-0.03%
    USDSGD=X
    1.5338+0.0002+0.01%
    EURSGD=X
    1.9947-0.0006-0.03%
    GBPSGD=X
    80.3909+0.0251+0.03%
    SGDJPY=X
    5.6406+0.0007+0.01%
    SGDHKD=X
    2.9896+0.001+0.03%
    SGDMYR=X
    9,907.6572+3.4512+0.03%
    SGDIDR=X
    4.7794+0.0028+0.06%
    SGDCNY=X
    0.9965+0.0001+0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,218.50+1.00+0.08%
    GCQ16.CMX
    16.02+0.03+0.16%
    SIN16.CMX
    80.58+1.17+1.47%
    ^XAU
    2.09-0.01-0.41%
    HGN16.CMX
    48.94-0.16-0.33%
    CLN16.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.36-0.03
    ^FVX
    1.83-0.02
    ^TNX
    2.63-0.02
    ^TYX

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.295+0.015+5.36%
    N21.SI
    1.81-0.01-0.28%
    MC0.SI
    6.04-0.01-0.17%
    H78.SI
    1.02+0.01+0.99%
    C22.SI
    0.55+0.02+3.77%
    5ME.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.55+0.10+22.22%
    BQP.SI
    0.165+0.015+10.00%
    K22.SI
    1.65+0.15+10.00%
    BAI.SI
    0.29+0.03+9.43%
    A30.SI
    0.39+0.03+8.33%
    CZ4.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.50-0.09-15.25%
    AYB.SI
    0.435-0.060-12.12%
    AYV.SI
    0.305-0.040-11.59%
    BBP.SI
    0.152-0.019-11.11%
    BEH.SI
    0.285-0.035-10.94%
    S19.SI