We are again presenting the day chart view for AUDUSD, since short term wave counts still not presenting a simple and clear wave count. Looking at the wave structure here, AUDUSD might have already completed 5 waves lower from 0.8133 levels through 0.7085 since January 2018. If this structure holds true, we could be witnessing a 3 wave corrective rally towards 0.7500/0.7600 levels, retracing the entire drop. A standard flat wave structure, expected to unfold earlier is invalid now since prices broke marginally below 0.7085 today. We could remain neutral for now and wait for a confirmation before initiating again.
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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.