AUD/USD is undergoing a sharp drop in the last couple of hours, which gives us an indication that price could be trading in blue sub-wave three as part of wave 3. As such, some temporary corrections may pop up, once blue-wave three finds a base. Price will ideally reach for more weakness and in days ahead touch Fibonacci ratio of 261.8.
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All our work is for educational purposes only.
Add a Comment