Last month March 2016 the commodity currency pair AUDUSD has risen more than 500 pips and the Commodity index CRY also show sign of recovery.
Baltic dry index also show sign of recovery. Is this a sign of stabilization on the drop of commodity ?
AUDUSD daily chart formed a support at 0.75 level.
The 4H with the new weekly WM2 Pivot theory if the AUD is bullish weekly M2 to M4 about 0.77 level.
Start looking for sign of up trend from WM2 area for the next 24 hours. The daily and 4H stochastic agree with assumption. now is waiting for market to show the sign.