Take a look on the chart, Price bounced before 14 — months Low.
For AUD/USD it is key level 0.7329.
For us, the best place to open a deal is after fake broke of 0.7329. Only after it, we will have a predictable low risk.
For those who like risk deals you can open long near 0.7340 – 0.7350, S/L set under 0.7325.
I think currency rate will move to key sell zone 0.7646 – 0.7674 from which price bounced several times As you see it on the chart. It is hard to predict what will be after it. I need to see how price will test that zone.
Also, if the price will move down and D1 close under 0.7329, Forget about but in that situation that would be a signal for counting of movings.