AUDUSD: Upcoming Short-Term Forecast

AUDUSD Daily Chart In its daily chart, AUDUSD pair has created a bullish structure of the lows but not yet to consider a completed intermediate 5-waves up. If we make an extension of waves 1 and 2, we observe the 162% level at the top of wave 3. The most difficult...

AUD/USD: Relief Rally or New Trend? (Trade Setup)

For the past two trading days AUDUSD hit new 8 month highs, rallying strongly against its US counterpart however emergence of overbought territory and rejection of the key resistance area are the two main reasons why we are short biased in AUDUSD, however flat on our...
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