Translate

Monday, March 31, 2014

Elliott wave analysis of AUD/USD - Medium term count

AUD/USD

We have now tested the lower part of the target area between 0.9287 - 0.9401, but I think we will see a deeper test of this area closer to 0.9358 before a top is in place for renewed downside pressure.
At this point only a break below support at 0.9133 will indicate that wave ii is over and wave iii is developing for a break below 0.8656.

No comments:

Post a Comment