technically the aussie followed a nice elliot wave on the daily chart and has now started wave c.
wave start - 0.6284 wave 1 - 0.7326 wave 2 - 0.6928 wave 3 - 0.7970 wave 4 - 0.7724 wave 5 - 0.8368 wave a - first negative wave wave b - Retracement of .618 of wave 5 to A wave c - Ends at wave 5 of new trend
remember this is technical, not accurate, however the actuals are very much alligned with the wave...
i see downside for the time being...time will tell
...hows it looking for others?
Cheers, Miike
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