Aud /Usd reached 0.8969 highest Last week. The Bullish divergence on both H4 and Daily Chart may indicate the possibility of further upward movement till the next resistance at 0.9011 on Daily Chart .
Basing on Elliot Wave analysis, not shown, the next residual wave may end at near 0.90500 , which is also the Fibo projection of 1.2700 being 0.9025 ( From recent low 0.8083 to recent high 0.8850)
Daily Chart AUD/USD
H4 AUD/USD
Strategy
SELL DOWN on further Lifting movement near 0.9025-0.9050
Target : First Target is 0.8720 (Ichimoku Cloud Top Support on Daily Chart)
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