Intraday Elliottwave Analysis: AUDUSD, neutral bias
|AUDUSD still hold near term control point at 0.7566.
But price failed to close above H4 upper bands.
Although medium term trend still point up, some deeper retracement could not be ruled out.
From an Elliottwave perspective, dips should be bought against 0.7489/35 look for eventually break higher.
However, before we get clearly uptrend evidence, further observation is needed.
Will re-assess after ECB.
Daily support levels: 0.7566 0.7557 0.7543 0.7522 0.7494
Dialy resistance levels: 0.7582 0.7603 0.7628 0.7636
Intraday Trade Idea: (spot 0.7568)
Sell Latentinterest Order: 0.7603
Buy Latentinterest Order: 0.7516
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