AUD/USD Weekly Daily
AUD trending up towards 97+, and with the MAY high resistance levels shifting higher then there is more room to move higher in June, as long as price remains above the Weekly 50% level.
AUD intra-day and Spiral pattern
Last Week was a tight sideways 5-day pattern with a downward bias because of the MAY highs….
Even though the expectation with JUNE levels shifting higher and price trading above the Weekly 50% levels, I would look for a push down into the Weekly 50% levels, and then look for a break of the Spiral filter to trade ‘longs’ and verify a breakout in the 3-day pattern....
Because without a breakout of the 3-day highs, then traders need to keep in mind that price can come down and test the June 50% levels .9142 cents....
