AUDUSD
AUDUSD surprised us yesterday with one more push up after the fall preceding the rate cut announcement from the RBA. Nevertheless structure still can be counted as corrective in the flat corrective move and we are still trading below the recent highs which are at 0.7676 zone. That said the recent move up can be an ending diagonal, a powerful reversal pattern that can point lower, after its completion.
AUDUSD, 1H
GBPUSD
On the intraday chart of GBPUSD, we are observing a nice impulsive wave taking place around the 1.336 area, which could be near completion as we see the price trading in blue wave iv of 1. That said blue wave iv could now be searching for its support around the 38.2 or 50.0 Fibonacci resistance area, from where a new uptrend may follow.
GBPUSD, 1H
