From a trading perspective, we like the structure of AUDUSD more than the one on EURO. On the hourly chart we are looking at sharp and aggressive bullish price action that looks like an extended wave (iii). If that’s correct then more gains will follow after a wave (iv) pullback down into our highlighted 0.7280-0.7240 support zone. I would be interested to look for longs there, especially as gold seems to be turning bullish as well.
AUDUSD, 1h
AUDUSD, 1h
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