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copperhead
Mar 23, 2016 7:10 PM

AUDUSD pullback for 5th wave targeted area Long

Australian Dollar/U.S. DollarFXCM

Description

4th wave correction back to the 1.272 extension off of the 1st leg which is also the 50% of the 3rd leg. Then looking for a final push higher back to old price levels and extension levels outlined in the blue box. Fundamental reasons are Fed pushing out rate rising hikes and RBA staying neutral with people looking for yield.
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