AUD will break down its support but bounce back then

FX:AUDUSD   Australian Dollar / U.S. Dollar
The AUDUSD is poised to break below it's support.
The last polls shows 5 times more analyst expecting a rate cut of 25bps for the next April 7th meeting than the previous weeks.
78% chances for rate cut priced by the Mkts (Rtrs).
Even when previously have more preference for the gray wave count, the break below the wave ii (gray) discard this
idea and places more odds for an expanded triangle as wave iv).
As the down movement since iv) (black count) seems a single impulse this could be an small push lower the support to be bounced back short after, Should wait to see how this following up movement develops to better asses what will happen then.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out