EuroMotif

AUDUSD nearing Supports: AU to bounce soon?

FX:AUDUSD   Australian Dollar / U.S. Dollar
King Dollar has been merciless lately.
AU has been falling for quite some time.
We are now approaching several supports.

My last trade was a short call (see below).
I have closed most of the position for now.
We should see a decent bounce before FOMC.

The Blue 7.236 should bounce a bit but is not a common wave-ender.
The Red 5.236 has the best chance of ending this downward wave.
The Blue 8.618 is Bulls' Last Stand, any lower risks new lower low.


See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.

AUD.USD short Call (perfect entry)
AUD.USD big Picture (wick marks target?)
AUD.USD trend Short (perfect short a year ago)
EUR.USD short call (still in play)
EUR.USD bounce plot (found last bottom)
EUR.USD short call (in time, to the Pip)
EUR.USD short Call (perfect top, huge profits)
EUR.USD trend Short (the very tip-top a year ago)
USD.CAD short call (perfect entry, huge profits)
GBP.USD scalp zones (pinpoint Entries/targets)
GBP.USD dip Call (just in time, quick 70 pips)
DXY toping call (Upthrust warning just in time)
USD.JPY short to long (recent perfect entries)
XAU.USD to $1367? (caught most of the spike)
XAU.USD long to short (recent perfect entries)
Silver Bounce scalp (Perfect entry, still in play)
Copper Bounce call (Prefect entry, almost done)
SPX recent top (Fib extensions at work)

Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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