AUDUSD could retrace but 0.7370 potential target remains

AUDUSD is inching higher and is seen to be trading close to 0.7300 levels at the moment. The wave structure could be suggesting that AUDUSD may push higher towards 0.7370 specifically a Wave 3 target, which is the fibonacci 1.618 extension of Wave 1, highlighted on chart here. As an alternate, we could expect a shallow dip towards 0.7240 levels, before the rally could resume again. Overall, we could expect higher levels, until AUDUSD -0.02% remains above 0.7140 levels.


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