As we can see in the daily chart, the asset is forming another rising wave within the uptrend. After consolidating and correcting around 38.2% fibo, AUDUSD is heading towards 50.0% fibo at 0.8292. After reaching this level, the price may probably start a new correction, which is confirmed by a divergence on MACD. After the pullback is over, the instrument may form a new rising impulse towards 61.8% fibo at 0.8946. The key support is 23.6% fibo at 0.6820. {chart} The H4 chart shows that after breaking the previous high, the price is moving inside the post-correctional extension area between 138.2% and 161.8% fibo at ... (full story)