AUD/USD:
The AUD/USD general trend is still in a downtrend and is expected to hit a new low. However, the strong resistance below prevented the AUD/USD from breaking directly below the support level. But the current signs of AUD/USD gains can be considered a pullback.
In the H1 chart, AUD/USD has formed two impulsive waves, and the third impulsive wave may be formed this time. And AUD/USD formed support when it hit the Fibonacci retest of 0.382. As a result, the price cannot fall further. Can enter long.
Order suggestion:
The big trend can look for opportunities to go short, and short-term trading can choose to go long.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
