Translate
Tuesday, December 22, 2009
AUD/USD - Wave iii target at 87.49 hit
On december 15. 2009 I wrote that wave iii was about to gain momentum for a decline to target 87.49. Today we saw a exact test of this 87.49-target followed by positive divergence on the RSI calling for a correction soon. This correction should reache the top of wave four of a lesser degree, which comes in at 89.30.
The 38.2 Fibonacci correction target comes in at 89.19, so we can expect the wave iv correction to reach the target-zone from 89.19-89.30 from where wave v down to 86.51 should be seen.
Subscribe to:
Post Comments (Atom)
Just came to wish you a wonderfull Cristimas and a Happy New Year.
ReplyDeletePleasure to learn from you.
Fred.
Hi Fred.
ReplyDeleteThank you!
A Wonderfull Christmas to you too.
I will be back between Christmas and New Year.
See you then