Potential 400 pip move in Accordance to my previous AU Analysis.
If you followed my previous AUDUSD I believe we are well over 200 pips -
If you missed it, do not worry there is plenty of opportunities to come.
We have strong rejection / reversal zone between 0.77580 - 0.78130, we've created a swing high on weekly which could stand for two things, a potential double top and reverse, or a raid on stops at 0.78 whole figure level following with moving average support, plus it could potentially reside at previous swing high approximately 0.79060.
If we saw a retracement lower we could be looking for long positions, as we're now starting to transition into bullish conditions. We may possibly see a reach for 0.81360 or higher.
The lowest I see Audusd going for right now is approximately 0.75900 - nothing lower.
Have a good weekend.
We have strong rejection / reversal zone between 0.77580 - 0.78130, we've created a swing high on weekly which could stand for two things, a potential double top and reverse, or a raid on stops at 0.78 whole figure level following with moving average support, plus it could potentially reside at previous swing high approximately 0.79060.
If we saw a retracement lower we could be looking for long positions, as we're now starting to transition into bullish conditions. We may possibly see a reach for 0.81360 or higher.
The lowest I see Audusd going for right now is approximately 0.75900 - nothing lower.
Have a good weekend.