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chessnut

AUDUSD EW Analysis, Wave IV triangle, (iii) of V underway

Short
Australian Dollar / U.S. Dollar (FX:AUDUSD)  
chessnut  
FX:AUDUSD   Australian Dollar / U.S. Dollar
2
0
The AUDUSD has been correcting sideways for some time, forming a bearish expanding triangle wave IV. Now with the DXY turning bullish, clarified by the EURUSD, and with AUD news events turning the AUD down at the time of writing, I am convinced we are at the beginning of a swift third wave that could take the AUD as low as 0.7 to the USD.
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