AUDUSD Bullish pattern Confirmed

AUDUSD is having bullish confirmation after having HP-HT-HP-HT in 4H timeframe. Therefore, I am not suggesting you try doing counter trading by opening selling/short position.

I am seeing AUDUSD might have short term pullback to the 0.673 (which can be good area to open buy/long position) before continue reaching 0.68325 (1.618 Fibonacci retracement).

Given that the ISM number is lower than expected, it moves DXY index lower which power up bullish movement for AUDUSD.

We should be a bit cautious regarding the rate decision and important news in the coming days.


Happy profit!