In yesterday's forecast, I expected some upwards rotation on AU as the market is showing some parabolic movement & over-extended condition, which was exactly what the market performed. The setup remains similar today, currently looking for short-term selling opportunities after a re-test at 0.7735 minor resistance zone for further bearish continuation move with 0.7685 & 0.7641 support zones as targets. As AU is currently bouncing back and forth within a wide range, avoid having unrealistic targets. However, do not forget the overall trend on the higher timeframe remains bullish, 0.7641 is a key support level to pay attention into.
Trade safe.
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Trade safe.
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