After the big sell-off from that week, the AUD / USD starts to rebound a bit. I am looking for a small item to buy for a longer period. Wyckoff's theory (where the chart emerges from the consensus and the trend reversal) is almost book-like here. So be patient.
My take profit level is 0.78200, the round level where currencies tend to bounce the other way. So my expectation is that there will be a lot of supply, while anti-dollar sentiment should push the AUD up a bit.
Obviously, the best level to buy is 0.77200.
A threat to this scenario is the dollar index, which is now in a key place for a retreat (strengthening). For now, however, there are many USD short positions on the market, so this sentiment can still be used.
#OPINIONLEADER# #AUD/USD# #USDollarIndex# #COPYTRADENOW# #Signal#
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