AUDUSD Trading Towards 0.7460-0.7500 Area

AUDUSD has turned lower at the start of the week, but only temporary into a sharp wave (iv) that now appears completed, so uptrend may continue into wave (v) towards 0.7460-0.7500 area. In that zone pair may slow down as five wave recovery from 0.6935 will then be in final stages so we will be looking for a minimum three wave set-back.

Link to our previous updates on this pair :