[AUDUSD] WAVE IV IN DEVELOPMENT.....

Good Morning Traders!
From the technical point of view, the pair is working (Wave 4) not yet completed. We expect that the next move will be bearish, completing "Wave 5".
RULES OF ENGAGEMENT: never anticipate the market.

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In the next update, we will post the potential failure level of this technical rebound (Wave 4)... follow us!

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...wave 4 in play....

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No change from the technical point of view, the pair is working wave 4 (bullish) and this movement could properly develop our harmonic structure. This week is expected the data about employment and this event will be the leading driver this week. Technically speaking, after completing wave 4, we expect the last bearish movement, completing the impulse structure (12345).

If you think this analysis can be useful, leave a your comment or your ILIKE!
Thank you for support and trade with care!