AUD/USD potential reversal area for longs...
A monthly 50% retracement has been acquired as delineated by the Weekly swing low. (Please go back and check your charts for this). My long-term bias is now long. I am now looking for a retracement below the 50% level to a draw on liquidity, which may be the Daily Void area and/or the previous swing high before the run up to recent 4H highs. I do not see price going below .6800 unless it is for a stop sweep. I will be looking to go long around .6835 with stop well below .6800. Next long target is above the buy-side liquidity area above .7060.
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