JohnFortune

AudUsd - ABC Correction

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
Despite the potential for further advances in the USD Index next week we start the week with AudUsd forming a large ABC corrective pattern and sitting above key support at 0.78099. As long as this key level of support holds we will be looking for Bullish formations and patterns to initiate longs up towards the target and range top at 0.78728.
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