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Pink_Grasshopper

AUDUSD corrective structure

Australian Dollar / U.S. Dollar (FX:AUDUSD)  
Pink_Grasshopper Updated   
FX:AUDUSD   Australian Dollar / U.S. Dollar
AUDUSD Elliott Wave
3
0
audusd elliottwaves
Possible ABC continuation but break to the downside from here could invalidate the idea.
Comment:
USDCAD (inverse of AUDUSD) would be worth watching as well. CAD would likely have to break lower for this idea to continue as outlined here. Also Crude should be watched and it is not looking too bullish at the moment.
Comment:
Aussie has shown some strength but with elections now out of the way the ~ 0.755 - 0.778 zone becomes critical. Break to either side would imply trend in that direction.
Comment:
This idea appears to be failing. Support zone is being broken with significant momentum C$ and oil appear to be confirming downtrend in A$. Target ~0.71

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