AUD/USD: Bullish Outlook

 | Apr 22, 2014 02:58AM ET

h3 AUD/USD
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Within the adjusted bullish outlook we have either seen Wave -iv- or will between the 0.9281-0.9305 area (27%-33.3%) (max 0.9255 - 38.2%) for gains in Wave -v- too the Wave (iii) target between the 498.4%-523.6% projection at 0.9520 - 0.9562. 

 
Once seen we should see Wave (iv) correct lower by around 14.6% - 33.3% retracement to the 0.9273 - 0.9435 area. This should then provide the basis for the uptrend to resume in Wave (v) to the daily target area.