Most currencies went through the monthly correction process as the dollar fell, but AUDUSD did not go through the monthly correction process.
Therefore, there is a possibility that AUDUSD will rise once more. In other words, it is highly likely that a bullish pattern may occur after a short weekly correction process.
However, if the weekly demand zone falls too low, it is more likely to fall than rise, so caution is required.
As in the chart, if the weekly demand zone exists near the top, please look for buy opportunities.
good luck.
Therefore, there is a possibility that AUDUSD will rise once more. In other words, it is highly likely that a bullish pattern may occur after a short weekly correction process.
However, if the weekly demand zone falls too low, it is more likely to fall than rise, so caution is required.
As in the chart, if the weekly demand zone exists near the top, please look for buy opportunities.
good luck.
Trade closed: target reached:
The daily supply zone has been reached. If the high is reached today, a retracement will occur, but if the retracement is large, it may move down into the weekly demand zone. It would be better to look at the market action and decide whether to take more or exit.
Trade active:
It seems to come down to the weekly demand zone next week.