Hello.
Time Wave analysis update for AUDUSD.
AUDUSD is in a daily uptrend, drawing a daily correction trend line. A weekly correction was expected, but the upward force continued on the issue of commodity inflation.
We expect a retracement here as it broke the weekly correction trend line of the downtrend, the target of the first uptrend. If so, a weekly correction process that breaks the daily correction trend line will come out, and it is expected that a new Buy demand will come in from the weekly demand zone.
If the weekly rising wave starts, the daily rising is propagated as a weekly rising by the butterfly effect of the Time Wave, and it is expected to renew the high.
We wish you a successful entry in a good position.
Time Wave analysis update for AUDUSD.
AUDUSD is in a daily uptrend, drawing a daily correction trend line. A weekly correction was expected, but the upward force continued on the issue of commodity inflation.
We expect a retracement here as it broke the weekly correction trend line of the downtrend, the target of the first uptrend. If so, a weekly correction process that breaks the daily correction trend line will come out, and it is expected that a new Buy demand will come in from the weekly demand zone.
If the weekly rising wave starts, the daily rising is propagated as a weekly rising by the butterfly effect of the Time Wave, and it is expected to renew the high.
We wish you a successful entry in a good position.