SteynTrade
Short

AUDUSD Still caught in the cloud for some time

FX:AUDUSD   Australian Dollar/U.S. Dollar
Following last weeks Wyckoff view I formed of the market we have seen two good rejection candles off of the Automatic Reaction ('AR') level. So we will probably be looking for the bottom of the cloud in the weeks to come at around 0.72. Then staying in the cloud to about the end of August. Well lets see were the market takes us. I will be looking to follow the Kijun-sen on the lower time frames.
after completing bearish correction from here if price closes over the cloud, AUDUSD will go in long term uptrend.
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