Elliott Wave Analysis: AUD/USD Intra-Day
Gregor Horvat | Sep 19, 2017 10:21AM ET
Good day traders!
AUD/USD is unfolding a strong recovery, away from the 0.7930 region, which gives us an idea of a bigger flat correction to be in play within red wave 2). Ideally latest low was wave B of a flat pattern, and current bullish development is now final leg C in progress, with potential top coming in at Fibonacci ratio of 50.0/61.8. A later five-wave fall will suggest a bearish continuation.
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