Disclaimer: My opinions are my own and should only be viewed as such. Thank you Tradingview for letting me express them. If AUDUSD
breaks above recent highs and then reaches Fib Extension I think price could travel much higher in coming months. Taking a good trade is often reactive despite what anyone tells you. If this begins to happen it could be advantageous and quite profitable to buy trades. OF COURSE Price could just as easily push lower and a savy trader would then be ready to take advantage of sell trades if that scenario takes place instead. But to me at this point this pair is looking bullish
and if price reaches the first Fib extension (1st purple line) I think it could certainly reach the next fib extension (second purple line) in earnest.