FX.co ★ Fractal analysis of the AUD/USD currency pair

The Australian dollar demonstratively reached the specified level, and followed the correction, having drawn pin bar. The correctional movement character is hardly determined, but most likely it will be a moving to 0.907 level and a reversal from it to the trend continuation. It is amazing, but still the structure on all currency pairs except the pound is almost identical, even the waves are correlated almost the same, that is why the correlation has renewed.

Trading recommendations:

- If the pin bar will be at 0.907 level – sell.

Best regards,

analyst A. Portnov