baffling AUDUSD
Ascent overall is puzzling so far
Test an important resistance area from 6361 to 6373
Considering that the impulsive five-wave ended at the bottom of 6170, the current rise may be a diagonal front to start a larger bullish wave
Or that the current wave is nothing but a larger correction of the fourth wave, and the next is a decline for the fifth and final wave
This is likely technically based on the recent moves
The key to the solution is to monitor the price's dealings with the 6361 to 6373 . range
Ascent overall is puzzling so far
Test an important resistance area from 6361 to 6373
Considering that the impulsive five-wave ended at the bottom of 6170, the current rise may be a diagonal front to start a larger bullish wave
Or that the current wave is nothing but a larger correction of the fourth wave, and the next is a decline for the fifth and final wave
This is likely technically based on the recent moves
The key to the solution is to monitor the price's dealings with the 6361 to 6373 . range