12740/50 is the 38.2% retracement of the rally from the June low, June high (12747) and 9/10 & 9/11 lows (12754). I am looking lower against 12970.
AUDUSD 10260/75 is the trendline support today (10280), 9/7 low, and 100% extension of the decline from the top. Short term downward sloping channel support intersects the level tomorrow. I am looking lower against 10462.
EURUSD – 240 Minute Bars
Prepared by Jamie Saettele, CMT
AUDUSD – Daily Bars
Prepared by Jamie Saettele, CMT
To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele
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Jamie is the author of Sentiment in the Forex Market.
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