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AUD/USD: Corrective Recovery From 0.9720Top ↑  Elliott Wave Service (Free 3-day Trial) Twitter Facebook Subscribe to our newsletter NEW! Free Trial Once you will register the system will automatically approve your membership for 3 trading days absolutely FREE!!* Click here to REGISTER On a 4h chart we can see a nice five waves of decline from the most recent highs, established at 1.0175 region. As such, an upward reaction from the 0.9723 region is actually not a surprise as we know that a corrective pull-back always follows when five wave, impulsive move completes. With this being said, Aud/Usd should reach levels around 0.9950 and parity level, in a three wave A-B-C formation before we may look on the short side of this pair again. We will focus on a 61.8% Fibonacci retracement level where a potential reversal from a wave 2)/B) may offer a nice opportunity for deeper levels, while top around 1.0175 must be hold! Aud/Usd 4h chart:  Newsletter archive
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Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.
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