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AUDUSD still in retrace?


Mercury

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If GBPUSD and EURUSD and DX rally, rally and drop respectively (see other threads) then it is likely that AUDUSD will do something similar in that it may drop to the lower Triangle line and then rally away OR break through to the downside.  Any rally has 2 possible retrace scenarios as indicated and if we get a rally then hopefully we can spot which one will present a larger Short trade on the way back up.  Obviously a sustained break through the lower Triangle would be a Shorting opportunity and a bounce off it a Long.

 



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