AUDUSD - 61.8% from the Jun High.

AUDUSD Like the other major USD pairs is sitting at the same key level. Will we see some sort of PB? or is it just going to keep marching higher.
A big day ahead with US GDP Data out later this evening. Keep an eye on that an hour before the open.

Comment:

There was a nice PB from this level which set up an ABCD for an upside move. now it looks as though there is going to be one more high. Watching the Ext levels Monday for a signal. Nothing to do now.
Enjoy the week.

Comment:

After making one more high then failing, we are now watching for a rally to sell. An ABCD into the 382 area would be the best scenario but we have to wait to see how it moves.
Enjoy the day.

Comment:

Now we have had the rally we were looking for, We now look for a clue to the next move. With the move up being in a straight line this gives us a possibility of a higher correction or if it starts taking out friday's low then that opens the door to more downside. Friday was choppy with the NFPs so I will wait to see what Monday brings to get something more concrete.
Enjoy the week..

Comment:

Updates tomorrow on FX Markets as we have Inflation data and the US Interest rate decision later. A major Change in Trend Window today as well.

Enjoy the day.