Aussie is breaking higher after US CPI data, now coming out of a triangle as shown on the updated count so it appears that we have now five waves up from the low. Thats a change in trend, but we need to be aware of pullbacks and limited upside after the completion of a fifth wave, possibly at 0.69-0.7 area.
@Dr.Ntsele, yes, it is a bit, not ideal, but that doesn't make me bearish either. I looked at plenty of other instruments and reasons why I look at the bullish count and potential low in place. But of course, even if its correction now, we need more weakness to complete three legs down. So not buying here yet, just observing.