My picks: limit order to buy AUDUSD at .7525, against .7450, target .7800
Expertise: Technical
Average Time Frame of Trades:
The rally from .6953 is wave v of C. Higher RSI on the 240 minute chart suggests that the top is not yet in place (tops almost always occur with momentum divergence). A small 4th wave may be complete. Structure is bullish above .7245. There is short term support at .7520 and the AUDUSD ideally remains above .7450.
