AlgoVenture

AUDUSD - Three Dives Takes Aussie Down with Copper

Kort
FX:AUDUSD   Australiensisk dollar/USA-dollar
AUDUSD is about to complete or probably has completed a three dives pattern right under 618.
Taking a look at copper, the price of copper has also made a significant retracement and reversal sign is forming at an important supply zone, thus copper is likely to fall soon.
The dollar though has been on the rise since last week, it is most likely a part of a major retracement and there has been no change to the major trend.
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