The corrective idea from the previous video has flown out the window with a break of the highs.
I see prices moving higher from this point. I believe Wave 3 is now playing out.
Whether it can be conceived that the correction was so small for Wave 2 could indicate overall Wave 3 price action.
From here we need to break a couple of levels and then we should see...
We have a long term buy set up for the AUD/USD.
In this video, we look at how Iron Ore is a key export for Australia and the effect the commodity price has on the AUD/USD exchange rate.
With China's economy expected to grow in 2021, an increase in Australia's key export to the world's second-largest economy should support a continuation of the bullish momentum...