TradingView
AlgoVenture
Aug 21, 2018 2:59 AM

AUDUSD - Three Dives Takes Aussie Down with Copper Short

Australian Dollar/U.S. DollarFXCM

Description

AUDUSD is about to complete or probably has completed a three dives pattern right under 618.
Taking a look at copper, the price of copper has also made a significant retracement and reversal sign is forming at an important supply zone, thus copper is likely to fall soon.
The dollar though has been on the rise since last week, it is most likely a part of a major retracement and there has been no change to the major trend.
More