On the AUDUSD chart we are getting close to the very interesting area which may give a nice up move.
On the chart we can see a distinct ABCD pattern converging with 1.618 external retracement of the XA leg at 0.7331.
If the area would be respected I expect price to go around 0.382 of the AD leg.
Best trades!
On the chart we can see a distinct ABCD pattern converging with 1.618 external retracement of the XA leg at 0.7331.
If the area would be respected I expect price to go around 0.382 of the AD leg.
Best trades!