Intraday Elliottwave Analysis: AUDUSD, some upside correction is likely

Yue Wang LinoCapital

AUDUSD find some support near 0.7435.

Price also closed above H1 upper bands.

But both medium term and long term trend point down.

Unless close above H4 upper bands, upside still is seen as corrective.

We'll try to chase some short term moving according to H1 bands and look to re-sell.

Daily support levels: 0.7370 0.7356 0.7339

Daily resistance levels: 0.7410 0.7425 0.7438

Intraday Trade Idea: (spot 0.7394)

Sell Latentinterest Order: 0.7449

Buy Latentinterest Order: 0.7370

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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