Kishore
Short

AUDUSD TESTED THE 61.8% LEVELS

FX:AUDUSD   Australian Dollar/U.S. Dollar
569 2 18
MARKET ANALYSIS: Market tested the resistance level and the fib 61.8% . Its better entry on shorts. Lets hope we can see a pull back to the next major support zone . Lets wait and see what the market does in the coming days. Cheers!
Based on Market Profile (volumes) and Price Action there is very strong swing support at 0.7246. There was about 2 week rotation where the big players accumulated their long trades and then moved the price agressively higher. You Can see this strong trading activity even on yearly volume profile!
If the price comes back to 0.7246 I think that the agressive buyers will come again and push the price higher once more.
Here is my analysis:
AUD/USD swing based on Market Profile and Price Action
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Been expecting the price to break that low for quiet some time now. Would've confirmed C minor wave of B intermediate wave. Lets see how this one goes
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