AUDUSD
I suspect this is still inside a 4th wave labelled as wave [iv] of A, staying under 0.9607 suggests a move towards 0.9400, which would then complete a 5 wave decline from 0.9757 and set up for bounce higher in what i suspect will be wave B of [B].
A move above 0.9607 negates the short term idea, that this is still inside wave [iv].
Ideally it stays inside this smaller triangle idea, but under 0.9550 offers a setup to sell, stops 0.9607
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 (20min delay)
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Last
8,603.0 |
Change
7.200(0.08%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,595.8 | 8,616.8 | 8,589.5 |
| XJO (ASX) Chart |