AUDUSD - Confluence of measured moves to 0.74 levels
Measured move targets of the triangle + the rectangle range
Bear flag targets of 127.2% and 161.8%
Keep an eye on 0.7665. A bounce above this level will infer that this analysis is invalidated. A bounce back to 0.7665 on break out to the upside should result in exiting the trade at close to 0 loss.
FOMC due on Tuesday, so apply money management and be aware of the volatility.
Bear flag targets of 127.2% and 161.8%
Keep an eye on 0.7665. A bounce above this level will infer that this analysis is invalidated. A bounce back to 0.7665 on break out to the upside should result in exiting the trade at close to 0 loss.
FOMC due on Tuesday, so apply money management and be aware of the volatility.
