AUD 0.00% 1.4412 australian dollar

time to buy the aussie battler, page-33

  1. 440 Posts.
    Very volatile at the moment...makes it difficult to enter.

    I can tell you, I am not in the market at the moment due to this...I'm waiting for a confirmation before entry.

    I can see a few things:
    1) Monthly shows a bounce of 38.2 fib at .7904, AU bounce at .7898.
    2) If we there is a breakout below the .7898 price, I'd expect a run down to the 61.8 fib at .6711.
    3) If we end the month at 84-86 cents, I would expect a jump to 90-94 cents due to a hammer candlestick formation.
    This would also confirm B wave for Elliot Wave Theory and would indicate the run down to 61.8 fib at .6711.

    Time will tell.

    I am no professional or financial advisor, my comments are based on my views on the market. I am not in the market and don't intend to be until I have confirmations due to volatility.

    ...always DYOR.
 
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