AUDUSD Wyckoff Accumulation: Ready for markup?
As for the EURUSD the AUDUSD has gone through an accumulation phase. With some widening spread on increased volume a change in character is being seen. This sign of strength (SOS) possibly indicates the Last point of support (LPS) has been established and the markup can start. Will watch for the development in the following weeks to see if the creek will be jumped.
