paweld
Short

Long term (daily) view

FX:AUDUSD   Australian Dollar/U.S. Dollar
602 3 2
At daily char we're seeing now long impulsive IIIrd wave in longterm downtrend. In lower frame we're in 4th wave which should end soon to begin last (5th) wave that could possibly end at 0.801 level.
My weekly view i similar (chart attached)
snapshot
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weekly is playing up
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Salty Nickmail
Yes, but there is a lacking bullish engulfing candle, and existing home sales should halt bullish correction and move price toward 0.8986, note the doji on weekly.
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