I agree with Kathy Lien's analysis in this article. There is a strong opportunity for an AUDUSD short here, especially with the potential for a slight USD recovery this week and next due to rate hike expectations. https://www.investing.com/analysis/will-rba-spoil-aud’s-rally-200193294 However, this will ultimately set us up for a swing buy, hopefully around 0.73000.
This pair was put on our watchlist over the weekend and an entry oppurtunity is available. Double top has been formed at the 1.618 fib extensiion of previous ABC boundary, completing the ABCD corrective structure. The double top is also trading around the key level of 0.7500 which is paired with the 38.2 retracement level of the larger ABC boundary