AUD/USD priming to take out highs!
On the daily view(below), we can see that we've broken past the block that sent us down initially.
If we zoom in on the 1H chart, we can pinpoint a 1H breaker which falls right around the middle of that daily block, and withing the optimal fib retrace zone.
We should now be aiming to fill that small gap we've left on Monday open, and attack the next daily resistance level (red). Ultimately I think it should go even higher than that, but I'll update the idea accordingly.
If we zoom in on the 1H chart, we can pinpoint a 1H breaker which falls right around the middle of that daily block, and withing the optimal fib retrace zone.
We should now be aiming to fill that small gap we've left on Monday open, and attack the next daily resistance level (red). Ultimately I think it should go even higher than that, but I'll update the idea accordingly.
Comment:
Fell below, looking bearish now.