Possible end of a bigger corrective move on AUD/USD?
We are in a corrective consolidation on AUD/USD since 15th october. It was a big corrective pattern after an bearish impulse leg. As we are starting to see, that the price in consolidation is starting to form lower lows we can expect price to start going down. One more bounce may form before that, we wait for that or for a flag to form beneath the support line.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.