AUDUSD update. Quick pips from market open.

٨ يونيو ٢٠٢٠

From our previous post at 0.69689 we already anticipated a bullish move back to the 0.70000 area. It went just there and started it's bearish trend. As we can see based off fibanocci, price bounced from the 50% on the downward impulse wave. This could be indicative of price wanting to continue going up on the overall trend but I still feel like it'll continue down. We made our quick profits and got out so now we will wait a little to confirm the next move. Overall trend is bullish, I'm just seeing some strong correction waves coming from the larger time frames