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ew-forecast
Aug 20, 2015 9:08 AM

AUDUSD Remains Bearish Short

Australian Dollar/U.S. DollarFXCM

Description

We see AUDUSD moving sideways around 0.7300 level, which we see as a temporary pause within ongoing downtrend. Keep in mind that we are tracking blue wave 5-circled, which is a motive wave, so we need five waves down from 0.8160. That said we expect new low soon, probably around 0.7000.

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Comments
FullTimeTrader
Excellent!
Nick_C_
Largest degree wave 1 is proportionally dissatisfying xD
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