FXTM

AUDUSD Corrective Rally Still Not Confirmed?

FX:AUDUSD   Australian Dollar / U.S. Dollar
We are again presenting the day chart view for AUDUSD , since short term wave counts still not presenting a simple and clear wave count. Looking at the wave structure here, AUDUSD might have already completed 5 waves lower from 0.8133 levels through 0.7085 since January 2018. If this structure holds true, we could be witnessing a 3 wave corrective rally towards 0.7500/0.7600 levels, retracing the entire drop . A standard flat wave structure, expected to unfold earlier is invalid now since prices broke marginally below 0.7085 today. We could remain neutral for now and wait for a confirmation before initiating again.


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Thank you for the analysis!
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thx my good sir, i am always a willing student...
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Hi FXTM, please share more of your views, they're helping me a lot :)
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Thanks for the idea analysis!
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Greetings from Malaysia! Thanks for all the analysis, we are forever grateful to you!
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thx thx from France, we appreciate all e work u r doing. Please keep posting...
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thanks for the analysis!
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very knowledgeable, thanks!
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