In the last few days,We adopted a series of measures for the full, Long EUR/NZD, Long DXY , Short COPPER , why not to short AUD/USD , because she is more strong, so, in order to hedge risk, We should consider when to buy A$?
Appreciate the chart,...as an alternative, can still be starting wave c of an extended 2 down into 71-70 zone before the wave 3 of IV higher takes over or a 1,2,i,ii of 3 developing...73.60-80 looks to be an important divider and of course the recent end of year high from the 31st. I'm working with the idea that this C of IV needs to get a little higher into 77-80 range before the wave 5 lower kicks in. Your count would be a rather truncated wave IV which of course can happen, but what price does around 72.20-72 (assuming it gets there) does look important, but I would have that as a 1,2,i,ii of wave 3 of C of IV setup which would be quite bullish....my take fwiw
I would but they don't accept outside charts, sorry. I hate trying to put it into words also as never does it justice...I have the charts on twitter at my handle if interested. Only the daily not the lower timeframes though