AUDUSD 5/11/2021 Analysis

12 mai 2021

after some cooling off and profit taking, reaccumulation has occurred off the daily and price has broken out of a supply zone previously created in the consolidation. as price pullsback to the tops of the shoulders, while a pull back to the bottom of the channel would also be a reasonable but less likely possibility, expect a very bullish movement from the bottom of the fib channel to the .50 channel area before retracing.

15 mai 2021

Note

Edit:
As AUDUSD has currently broken outside of the Bullish Fib channel we will look for how it acts in its retracement. As we have seen such a big move it will take time for distribution and accumulation to reoccur which I will be watching closely