AUDUSD | Is the price close to the end of the 5th wave?

AUDUSD | Is the price close to the end of the 5th wave?


AUDUSD is testing a very strong daily resistance area that is showing
be very strong.

Price is not able to find the right volume to break into this zone.

On the other hand, we also have the FOMC that stopped the bullish move.

Technical Analysis:
The price looks like it is near the end of the 5th wave.

The 5th wave could extend further, but considering where the price is already stopped is adding value that maybe the 5th wave is over and
we may soon see a bearish move.

Thank you and good luck!


PS: Watch out for the FOMC tomorrow

Trade closed: target reached: