Due to the weakness of DXY, all the currency pairs associated with it are going up! Looking at the volume profile we can see that there is a very good volume when considering AUDUSD, all periods are very high above 50MA and 200 MA without any hesitation it is concluded that there is a very good up trend. From the current location, it seems to me that the currency pair is now moving upwards following an ABCD pattern, so I am happy to announce that an easy 120 pip target can be achieved with a very good long order.
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