AUD/USD’s Bullish Run
Gregor Horvat | Jul 21, 2017 10:13AM ET
AUD/USD is trading bullish since start of June 2017 and is unfolding a five-wave impulsive movement to the upside. Particularly, we see price trading at the end of a three-wave correction within wave 4, which means more upside can follow on the pair. A confirmation for a wave 5 in motion would be a breach above the upper channel line and above the swing high of wave b at 0.7968 level. The latter fifth leg can search for a top near the Fibonacci ratio of 161.8.
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