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
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.