Intraday Elliottwave Analysis: AUDUSD, profit target met

Yue Wang LinoCapital

AUDUSD reached 0.7369 profit target yesterday.

Short term, medium term and long term trend all point down.

But price already declined 3 big figures from 0.7670, some consolidation could not be ruled out.

We'll chase some short term moving according to bands on H1 timeframe and look to sell at better levels.

Daily support levels: 0.7356 0.7339 0.7308

Daily resistance levels: 0.7405 0.7429 0.7454

Intraday Trade Idea: (spot 0.7392)

Sell Latentinterest Order: 0.7454

Buy Latentinterest Order: 0.7339

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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