AUDUSD - 240 possible ending diagonal structure in the making
AUDUSD is in no mans land on Monthly/ Weekly charts - broken M uptrend and broken W downtrend. at the 240 level we are either in ABC and heading up and out to confirm weekly TL break .. or gong to complete a nice ending diagonal. either way a break above the 240 structure (BLUE) and consolidation would make good case to buy -- and breaking down is attractive sell to test/break the previous low (lt blue horizontal). Happy Trading!!
60 min looks like flag for more upside.. we will see