AUDUSD TimeCycle, Market Structure Analysis

5/01/2020 04:17:00 PM

Technical:

Double click on Image for larger
  • AUDUSD Playing a time cycle
  • Every Cycle completed with 70bars 15d 16h
  • 2 TimeCycle already completed
  • 1st Higher High 0.6220
  • 2nd High High 0.6453
  • 3rd and Strong Resistance now 0.6580
  • Market Structure Support 0.6250, Market need to break this for stronger sell.
  • TP1 = 0.6000; TP2 = 0.5700

Fundamental:

8 hours ago we covered Trump press brief, where he said, "US President Trump says he has seen evidence the virus had originated from Wuhan Institute of Virology in China, adds cannot say why he has a high degree the virus originated there and suggests he can do tariffs to respond to China". Investor find tariffs clue and market playing before he announces. If all going like this, we hope that we will get huge sell profit from AUDUSD, Let's see, is it break previous Higher Low.
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