This is a trendline now seems confirmed as a broken one. AUSDUSD also has a Double test of this bottom and a higher bottom. But, if AUSSIE cant survive to pass this blue level, will see a lower low later. The light blue ABC wave.
Still, there is a gap that is with high probability for 66 pips. And we marked that on the chart.
Less is more!
Trade closed: target reached
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Comment
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For this trade, 70 pips is hunted. AUDUSD is strongest pair now. Check GBPAUD, EURAUD, AUDJPY, AUDCHF, AUDCAD. you will know what that means.