As expected AUDUSD has declined back to September lows, then recovered to current price level.
In short term persperctive I expect the pair to bounce from instant dynamic support at 0.7000 up to 0.7080 (38.2% Fibo retracement level and ascending trendline from September minimum levels). Stop loss set below 0.6945.
In mid term perspective we could see zigzag completion, targeting 0.7380.
In short term persperctive I expect the pair to bounce from instant dynamic support at 0.7000 up to 0.7080 (38.2% Fibo retracement level and ascending trendline from September minimum levels). Stop loss set below 0.6945.
In mid term perspective we could see zigzag completion, targeting 0.7380.
Giao dịch đang hoạt động:
AUDUSD has tested described 0.6945 support and managed to recover from it. Target moved to 0.7060 (R1 + yellow line).
