AUDUSD formed a classic 5 wave decline from January high.
Near term a small base is formed around 0.7388/30.
According to Algo Trader system, medium term trend already point up.
We'll look to buy dips against lower bands on H4 timeframe, also will try to find some low risk entries on H1 timeframe.
From a long term view, only close above 0.7685 will indicate the boarder downtrend is over.
Daily support levels: 0.7431 0.7407 0.7393
Daily resistance levels: 0.7460 0.7491 0.7504
AUDUSD Trade Idea: (Spot 0.7460)
Buy Limit @ 0.7388 SL 0.7300 for 0.7537
Intraday Trade Idea:
Sell Latentinterest Order: 0.7491
Buy Latentinterest Order: 0.7393
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