AUDUSD 10290 and EURUSD 13030/50 of Interest

  • Rate this Story
  • 0
  • 0

By Jamie Saettele | October 5, 2012 3:25 AM EST

DailyFX

The EURUSD is well bid this morning and focus remains on 13030/50 and perhaps even 13115. I’ll be looking for signs of failure near the top of the range, especially if on a post ECB or Fed minutes reaction.

The AUDUSD is reversing after last night’s spike below 10200. The latest 10181-10238 congestion (57 pips) may help identify the next resistance. In fact, adding the difference of the range to top of the range yields 10295 (10238+57), which is clearly in line with former support at 10290.

EURUSD – 60 Minute Bars

Prepared by Jamie Saettele, CMT

AUDUSD – 240 Minute Bars

Prepared by Jamie Saettele, CMT

To contact Jamie e-mail jsaettele@dailyfx.com. Follow me on Twitter @JamieSaettele

To be added to Jamie’s e-mail distribution list, send an e-mail with subject line "Distribution List" to jsaettele@dailyfx.com

Jamie is the author of Sentiment in the Forex Market.

Meet the DailyFX team in Las Vegas at the annual FXCM Traders Expo, November 2-4, 2012 at the Rio All Suite Hotel & Casino. For additional information regarding the schedule, workshops and accommodations, visit the FXCM Trading Expo website.

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.

For more forex information go to DailyFX

  • Rate this Story
  • 0
  • 0
For more forex information go to DailyFX

Join the Conversation

IBTimes TV
E-Newsletters

We value your privacy. Your email address will not be shared.