LFX

AUD/USD - DAILY 500 PIPS

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
2
Looking at this pair we can see on the Weekly TF we are starting a Fibonacci.
Dropping down to the Daily TF we can see we have a Bullish Fibonacci which is also in line with the making a retracement for the Weekly Fibonacci.
I expect a touch of the 61.8% Daily Fib level, before watching for a reversal to the 0.82910 level for the Weekly Fib.
The 61.8% bounce is also in line with the TL break and the 2nd bounce of TL.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.