Can the AUDUSD go up? Sure it can. Will it be a good probable bet? Nah, wait and see. As you look at the chart below, you'd probably notice that the MACD is now above the zero line, and prices are above my wave and my MA's has crossed. I might get in if it retraces to 50.
EURUSDEURUSD broke below my wave and my MA's have crossed. Everything's looking good for my trade. But of course, I'll be on the lookout for warning signs.
GBPJPYLook at the MACD going downwards. I believe prices will probably break below the low. Will look for further confirmation.
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