![]() |
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
|
New York time: 00:00:00
Local time: 00:00:00
©2010 - 2020 ew-forecast.com
Design: VOBI