AUDUSD - Stalls close to the previous high. Look for a correction.
Weekly – Completes a 5-wave count ( ). Expanding offers a long to medium term bias.
Intraday – The three-hour chart looks to have completed a 5-wave count to the upside. Bespoke resistance is seen at 0.6997. We look for a correction lower to possibly for a reverse Head and Shoulder pattern.
Selling at 0.6995
Stop at 0.725
Target at 0.6900