Good morning traders,
gold is higher and it may see a push above 1300 once again as latest set-back from the highs looks like a correction so five wave can be in the cards within wave 3 for 1305.
AUDJPY may not catch the bulls until AUDUSD bottoms which is now at interesting 0.6890/0.6920 zone where bears may slow down. Keep in mind that move was out from a triangle and that RSI shows a divergence so bounce may not be far away. Based on timing, I think we may see higher prices by the end of week. Hang Seng Index and SP500 may also support the Australian currency. HSI is at possible support right now.
HSI vs AU200 vs AUDUSD
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