AUDUSD trend move higher stalls. Here are some of the clues

Yesterday, the price stepped higher but stalled today
The AUDUSD "stepped" higher in a trend move yesterday.  
Trend moves tend to step with corrections being shallow. I like to see corrections of 'trend legs" stalling in the 38.2 to 50% retracement ranges. Note the corrections are of the trend legs.

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *