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Is AUDUSD Headed Higher?

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June 26 2019

Hello fellow traders!

AUDUSD is currently recovering from the 0.683 area, suggesting that a bullish continuation can be unfolding on the pair, especially when we connected the pair and its positive correlation with gold. On gold we see price breaking out of a triangle correction with five waves, which are still not visible, so be aware of more gains, ideally towards the 1485/1550 region.

For a better understanding what the market is doing, check the newest VIDEO analysis about the mentioned pair, and commodity.

Cheers!


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