Hello Traders,
Firstly, we can see a nice bull flag structure shaping up here on the AUDJPY and the AUDUSD. The EURAUD also looks like a potential SELL opportunity.
We can see a nice 5 wave structure higher followed by an ABC correction, this suggests we could be entering the next wave, which will be wave 3 of 5.
Are we entering a final push higher before a...
Hello Traders,
The AUDUSD is currently trading on a key trendline support and a typical bull flag formation.
The recent rally in the USD looks corrective in nature, therefore we are expecting further selling pressure coming into play against the USD in the near future.
Any thoughts or comments are welcome below.
