AUD/USD: Constructive Bullish Structure, Correlated Assets Agree
Factors supporting a resumption of the AUD/USD trend:
1. The retracement in price shows divergence vs correlated assets
2. The latest leg up carried increasing tick volume.
3. So far, we are seeing a low volume correction.
4. We are in an intraday 2nd cycle out of potential 3
5. A resumption of the bullish trend targets 0.74/7410
1. The retracement in price shows divergence vs correlated assets
2. The latest leg up carried increasing tick volume.
3. So far, we are seeing a low volume correction.
4. We are in an intraday 2nd cycle out of potential 3
5. A resumption of the bullish trend targets 0.74/7410
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