While I am expecting a move higher in AUD/USD in the hours/days ahead - I am not sure the move we are seeing during the Asian session is the start of a sustained move higher.
It may well be, but for now each leg has only unfolded in 3-waves. Granted, it could end up being a leading diagonal, but it is too early to know if that is the case.
In this narrow range market, while tempting to latch on to a move, it still requires some caution!
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