Intraday Elliottwave Analysis: AUDUSD, expect one touch 0.7653 this month

Yue Wang LinoCapital

AUDUSD closed above both 13 and 21 day moving average.

Weekly oscillators threaten cross-over from their range low.

According to my system, we have medium term buy signal.

If today close no lower than current level, may trigger a long term buy signal.

I expect one touch 0.7653 this month.

To the downside, one touch 0,7489 is also could not be ruled out.

We maintain the long position from 0.7567, but please well control the risk before NFP.

Intraday Trade Idea: (spot 0.7567)

Sell Latentinterest Order: 0.7633

Buy Latentinterest Order: 0.7489

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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