AUDUSD Downside correction Completes Ready For The Next Rally

6 Ağu 2022

The AUDUSD has been trading bullish the last few days as what we would consider an impulse move. The correction pattern which is a zig-zag pattern has already formed the A-B wave and will complete the C wave. Price will complete the C wave between the 50 to 61.8 Fibonacci level. The overall view is that we have an impulse to move in the upside direction.