300 Minute Bars

Prepared by Jamie Saettele, CMT

"Exceeding 10443 would shift focus higher into levels at which I would be willing to attempt shorts again." The AUDUSD has exceeded 10443 (last week's high) and focus is on the 100% extension of the rally from the low, at 10592, and former congestion at 10678-10784. It is also possible that a range develops to form a triangle or flat. There are too many possibilities to have any strong directional conviction at this level.