AUD/USD Finished Its Correction; More Weakness In Sight

AUD/USD is trading quite nicely down today, as price made a nice turnaround from the 0.7544 mark, where a higher degree correction was completed.

AUD/USD is trading quite nicely down today, as price made a nice turnaround from the 0.7544 mark, where a higher degree correction was completed. Move down from the highs is impulsive and we are expecting further development of this impulsive drop in the third wave, which means acceleration could be around the corner.

AUDUSD, 1H

Disclosure:

None

STOCKS IN THIS ARTICLE

Comments