Elliott Wave Analysis of AUD/USD Australian Dollar
19 May 2010
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The Australian DOllar or AUD/USD has apparently peaked at 0.9382 as a failed fifth wave. Expect the current weakness to eventually take us down to 0.8225 before chance of a decent recovery. Between, sell any bounce. | |
This is the kind of AUD/USD setup I break down in detail in Module 14 (AUDUSD).