If AUDUSD is pushed out of the weekly supply zone and renews the bottom, the weekly correction ends and the downtrend continues again.
However, below, a daily bullish pattern is forming, showing the initial 4-hour bullish pattern of the sub-time period. Therefore, if it rises above the weekly supply zone again, it can be an extended weekly correction process. In other words, it can be a weekly correction process at a position higher than the current position, and even if a retracement comes again, if the daily rising wave continues or spreads in a weekly bullish pattern, it will be a monthly correction process that can reach near the monthly supply zone no see.
I am sure that the dollar index will soon go through a monthly correction process.
good luck.
However, below, a daily bullish pattern is forming, showing the initial 4-hour bullish pattern of the sub-time period. Therefore, if it rises above the weekly supply zone again, it can be an extended weekly correction process. In other words, it can be a weekly correction process at a position higher than the current position, and even if a retracement comes again, if the daily rising wave continues or spreads in a weekly bullish pattern, it will be a monthly correction process that can reach near the monthly supply zone no see.
I am sure that the dollar index will soon go through a monthly correction process.
good luck.
Trade aktif:
It looks like the target will have to reach the monthly supply zone.