Elliottwave Analysis: AUDUSD, profit target met, re-buy at marke
AUDUSD touched 0.7605 over night.
Price formed a potential exhausting bar, but support is clustered at 0.7515, 0.7470 and 0.7430.
In other words, even if Dollar Index have another 1% rising to 94.40, the downside of Aussie should be limited from current level.
The long position from 0.7453 reached profit target at 0.7574 yesterday.
I suggest to closing short position from 0.7602 at market and re-initiate long positions at market.
Close below 0.7410 will negative the current bullish view.
For more details, please visit:
www.fxstreet.com/ana...-market-201805230142
Price formed a potential exhausting bar, but support is clustered at 0.7515, 0.7470 and 0.7430.
In other words, even if Dollar Index have another 1% rising to 94.40, the downside of Aussie should be limited from current level.
The long position from 0.7453 reached profit target at 0.7574 yesterday.
I suggest to closing short position from 0.7602 at market and re-initiate long positions at market.
Close below 0.7410 will negative the current bullish view.
For more details, please visit:
www.fxstreet.com/ana...-market-201805230142