AUD/USD: Could Continue Higher

 | Oct 12, 2015 05:11AM ET

AUD/USD is trading higher with a sharp impulsive manner that already took out 0.7282 swing high. it suggests that leg from 0.6936 is not corrective, rather impulsive so we need five waves up. For now that's not the case yet so uptrend will continue after three wave set-back in blue wave (iv) that can find a support around 0.7240-0.7280 this week.

AUD/USD, 4h