Hi Traders,
Double top on the 1-hour chart that should take the AUDUSD (now at 0.9155) to 0.9090 and possibly lower. However, this is largely expected as the Aussie completed the first set of 5 waves up (of a very minor grade) and we are witnessing only a temporary pullback (wave 2 of a very minor grade).
TARGETS
likely: 0.9090
possibly: area 0.9073-0.9058 and area 0.9047-0.9039
maybe: around 0.90034
NOTE
Below, I published only the 4-hour and 1-hour charts. For more info please refer to my previous post about AUDUSD as that analysis is still current.
4-hour chart - click to enlarge
wave oscillator over 4-hour chart - click to enlarge
1-hour chart - click to enlarge
wave oscillator over 1-hour chart - click to enlarge
Double top on the 1-hour chart that should take the AUDUSD (now at 0.9155) to 0.9090 and possibly lower. However, this is largely expected as the Aussie completed the first set of 5 waves up (of a very minor grade) and we are witnessing only a temporary pullback (wave 2 of a very minor grade).
TARGETS
likely: 0.9090
possibly: area 0.9073-0.9058 and area 0.9047-0.9039
maybe: around 0.90034
NOTE
Below, I published only the 4-hour and 1-hour charts. For more info please refer to my previous post about AUDUSD as that analysis is still current.
4-hour chart - click to enlarge
wave oscillator over 4-hour chart - click to enlarge
1-hour chart - click to enlarge
wave oscillator over 1-hour chart - click to enlarge
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