Intraday Elliottwave Analysis: AUDUSD, 0.7501 is key level to watch

Yue Wang LinoCapital

AUDUSD tested 0.7515 in Asia market.

If daily close below 0.7501, re-test 0.7470/30 could not be ruled out.

Yesterday's sell position from 0.7573 reached profit target at 0.7540.

Today we'll still try to trade from both sides.

Daily support Levels: 0.7525 0.7505 0.7495 0.7458

Daily resistance Levels: 0.7550 0.7564 0.7589 0.7602

Intraday Trade Idea: (spot 0.7534)

①Buy Limit @ 0.7472 SL @ 0.7460 Take Profit @ 0.7486

②Sell Limit @ 0.7558 SL @ 0.7582 Take Profit @ 0.7506

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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