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Tuesday, September 7, 2010

AUD/USD - Time for wave 3 down?


My preferred count is shown above. It seems as wave has become an expanded flat and if my count is correct wave 2 ended at 91.82 and we should be in the early stages of wave 3 down. Pretty much the same count as in EUR/USD, but the AUD/USD cross has pressured the maximal limites every time. It does make live more exciting doesn't it...
A break above 92.21 will kill my preferred count and call for a rally to new highs above 94.05.

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