Intraday Elliottwave Analysis: AUDUSD, upside correction is over?
|AUDUSD closed below recent uptrend line.
Near term downside risk is increased.
We still could not rule out a large ABC correction target 0.7317 eventually.
However, it's just before month-end re-balancing and NFP, we should be cautious here.
Daily support Levels: 0.7482 0.7461 0.7449 0.7406
Daily resistance Levels: 0.7509 0.7523 0.7542 0.7561
Intraday Trade Idea: (spot 0.7496)
①Buy Limit @ 0.7407 SL @ 0.7390 Take Profit @ 0.7438
②Sell Limit @ 0.7526 SL @ 0.7553 Take Profit @ 0.7477
Click on the image to enlarge
We provide Daily FX Report, Trade Copy, Email Alert and MT4 EA Rental. Free trial and 30 Days Money Back policy will be valid forever!. All the services could be Free
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.