TheAnonymousBanker

[AUDUSD] CONSOLIDATION?

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
The trend remains bullish on intraday chart, and may not have completed the move. As we said during the Friday session (see chart below), we can not rule out a bullish wave (W5) before seeing a pullback. From a technical point of view, the next Asian session will give us further technical details.
If the pair is really still bullish, area around 0.80 should provide a good support in short term, let's see.

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REBOUND

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pullback in play...
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