AUDUSD could retrace but 0.7370 potential target remains
AUDUSD is inching higher and is seen to be trading close to 0.7300 levels at the moment. The wave structure could be suggesting that AUDUSD may push higher towards 0.7370 specifically a Wave 3 target, which is the fibonacci 1.618 extension of Wave 1, highlighted on chart here. As an alternate, we could expect a shallow dip towards 0.7240 levels, before the rally could resume again. Overall, we could expect higher levels, until AUDUSD -0.02% remains above 0.7140 levels.
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This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.