July 3rd W Outlook 7: AUDUSD
Traders,
AUDUSD has found a support zone.
We are treating that as the end of wave 3( RED) and the end of green wave 3 of the Red wave 3.
Now focus on the green wave which happen looks like a CYPHER C ended at fibo 1.27 position.
Assume this support zone is now valid after a broken trendline ( purple), price has start a small uptrend alone with the blue trendline . ABCDE wave is connecting all supports and resistances.
We would love to see AUDUSD touch 0.763 again. But D could go 0.77-0.78 , higher than that,.
Less is more!
AUDUSD has found a support zone.
We are treating that as the end of wave 3( RED) and the end of green wave 3 of the Red wave 3.
Now focus on the green wave which happen looks like a CYPHER C ended at fibo 1.27 position.
Assume this support zone is now valid after a broken trendline ( purple), price has start a small uptrend alone with the blue trendline . ABCDE wave is connecting all supports and resistances.
We would love to see AUDUSD touch 0.763 again. But D could go 0.77-0.78 , higher than that,.
Less is more!