AUDUSD has started a near term bearish move falling from 0.74405
AUDUSD has started a near-term bearish move falling from 0.74405 since 2022-03-07. This pair will continue to move down due to many fundamentals surrounding it. From a technical analysis perspective, it has completed the first down move (impulse 12345). among the corrective phase, wave C is also having some impulse characteristics. it is so straightforward. Short positions may be at CMP with the target at 0.7066 and stop loss around 0.7372. Implementation period: 7–10 days.
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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.