In my analysis we can be on wave 5 of bearish trend
The completation of wave 3 major gave a pull back until 0.8 and now we are tested the support area 0,63
In COT the shorts position are more than longs and increased so there is possibilities for a new short trend.
In this case can be confirmed the final 5° wave of Major structure with a potential break of support area and continuation until 0,5
Be careful .. the AUD is a very risky asset
The completation of wave 3 major gave a pull back until 0.8 and now we are tested the support area 0,63
In COT the shorts position are more than longs and increased so there is possibilities for a new short trend.
In this case can be confirmed the final 5° wave of Major structure with a potential break of support area and continuation until 0,5
Be careful .. the AUD is a very risky asset
