Hey tradomaniacs,
AUD/USD is currently fighting at very crucial price-areas.
Overall I expect it is all up to the CORONA topic which is currently heating up again.
A dropping stock-market would confirm this IDEA and setup.
Technically we see a double-top-pattern and an impulsiv-wave which is ending -> Next cycle should be a correction.
Wait for the break...
I'm expecting a short-term correction on USD, which may pull AU back to areas of previous support. AU has been ranging within an ascending wedge for quite some time, so I'm targeting the bottom of this wedge as a tp. The target sell zone is between 0.7550 and 0.7590. These are my entry, sl, and tp targets:
Entry Sell: 0.75900
Stop Loss: 0.77550
Take Profit:...
