AUDUSD Forecast!!!AUDUSD FORECAST IS MOVING VERY NICELY FOR THE WEEK AHEAD. We are starting to make Lower lows followed by lower highs, We could look for a nice short to make a new low on the lower time frames. I will be watching this very closely Monday and Tuesday London open. It Price breaks previous high, I will adjust my Bias to see what fits. Markets change all the time and you have to adjust your mindset so you have a neutral bias. Follow us for more upcoming forecasts and trades
Aususdwavecount
AUDUSD - New Higher High till 2019?So you could count the Australian dollar against the US dollar as abcde formation. Breaking out of the two red trend channels (strong & weak falling), I would expect the activation of this trading plan on a weekly basis.
The target point would be on the AC line and should be in the 0.84 range, depending on how the move develops in the next 9 months. On a daily basis, there is also a beautiful hammer candle from the 15th of August.