AUDUSD- Stalls close to the previous high. Look for a correction
AUDUSDAUDUSDAUDUSDAUDUSDAUDUSD - Stalls close to the previous high. Look for a correction.
Weekly – Completes a bearish 5-wave count (Elliott Wave). Expanding wedge offers a long to medium term bullish bias.
Intraday – The three-hour chart looks to have completed a 5-wave count to the upside. Bespoke resistance is seen at 0.6997. We look for a correction lower to possibly for a bullish reverse Head and Shoulder pattern.
Trade Idea
Selling at 0.6995
Stop at 0.725
Target at 0.6900
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