AUD/USD Price To Pull Back

 | Feb 09, 2016 09:54AM ET

On the intraday chart of AUD/USD, we expect price to make a pullback in the corrective wave B in three legs and wave C down to follow. Larger time frame structure is a triangle, a contionuation pattern. Triangle has to have 5 waves but only in the ABC manner to be completed.

AUD/USD, 1H