AUD/USD is currently very over extended on the weekly and monthly timeframes. We will be monitoring this pair from a 4h timeframe and only if the market will shift to a bearish market we will be taking the short on the pair. our targets will be at previous weekly structure around 0.76250 and if this area will break we will keep running the trade to around 0.75050 for it to go and complete it's pattern at the 0.382 of the Fib taken on the weekly impulse.
Trade closed: target reached