Intraday Elliottwave Analysis: AUDUSD, turning neutral

AUDUSD failed to close above 0.7535 yesterday, short term turning neutral.

The potential inverse head-shoulder bottom is still valid.

But if failure, may directly bearish for 0.7379 at least.

I inclined to cancel the buy limit order at 0.7495.

If today close above 0.7531, will look to buy it next week.

If weekly close below 0.7501, will increase near term downside risk.

Daily support    Levels: 0.7508 0.7501 0.7489 0.7473 0.7465 0.7449 0.7442 0.7435

Daily resistance Levels: 0.7516 0.7531 0.7537 0.7550 0.7556 0.7568

 

Intraday Trade Idea:

①Buy Limit @ 0.7442 SL @ 0.7421 Take Profit @ 0.7464

②Buy Latentinterest Order:   0.7465

③Sell Latentinterest Order:   0.7537

AUDUSD


 

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Views are my own, not trading recommendations.