Iridium
Long

AUDUSD BEFORE NY SESSION

FX:AUDUSD   Australian Dollar/U.S. Dollar
81 0 1
AUDUSD             SHOWING A LITTLE WEAKNESS HEADING INTO THE NY TRADING SESSION. AUDUSD             RALLIED THROUGHOUT THE UK SESSION HITTING PREVIOUS TREND LINE SUPPORT AROUND THE KEY TECHNICAL LEVEL OF .8800 FROM THERE IT FORMED A BEARISH EVENING STAR REVERSAL. WITH TODAYS             FOMC MINUETS AT 2:00EST WITH DOVISH EXPECTATIONS DUE TO LABOR MARKET SLACK AND LACKLUSTER INFLATION EXPECTATIONS EXPECT TO SEE ALOT OF VOLATILITY AROUND THE .8800 AREA IN AUDUSD             . THE 5 WAVE ELLIOTT WAVE IMPULSE PATTERN FOLLOWED BY A CORRECTIVE 3-3-5 EXPANDED FLAT DOSE INDICATE FURTHER BULLISH PRICE ACTION AND A CONTINUATION OF AN UPTREND IN THE AUSSIE DOLLAR.
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