The previous analysis/forecast is still valid and the price action is at the same level.
The current move seems is a break out of the structure but it’s really not that strong for such a structure.
Swissy didn’t go anywhere, still in the same structure and moving very slowly.
The forecast is as shown on the chart but for now, except for a small flag on the 1H time frame we don’t have any sign of it
Aussie had a tiny correction, and the current move doesn’t look like anything yet, it should be only one part of a bigger structure, and only after a nice long term corrective structure can identify it with a higher probability.
It’s not in a good place for trade, but we are expecting the signs of starting a short term down move as shown on the chart
We believe that a corrective structure has started and it can make a pattern as shown on the chart.
Live
Forex Market Headlines
fxean
401 521
IC Markets is an Australian Regulated Forex broker, founded in 2007. The company is considered safe because it is regulated by the top-tier Australian Securities and Investments Commission (ASIC, AFSL, CySEC).
We recommend ICMarkets especially to the new traders who value easy account opening and free deposit/withdrawal options with the tightest spreads and fairly better customer service
