AUDUSD crucial zone
As mentioned before I'm looking for 0.81 longer term for a very long time already.
To me the move lower was corrective (ABC) and we might see a more complex corrective combination which indicates another leg lower for wave Y. In that case I will be looking for the bearish price action as shown by means of the bearish arrows.
OR I will be looking for a break which will be followed by a consolidation before I buy towards 0.81 shown by means of the bullish arrows.
Updates will follow.
To me the move lower was corrective (ABC) and we might see a more complex corrective combination which indicates another leg lower for wave Y. In that case I will be looking for the bearish price action as shown by means of the bearish arrows.
OR I will be looking for a break which will be followed by a consolidation before I buy towards 0.81 shown by means of the bullish arrows.
Updates will follow.
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