AUD/USD’s Elliott Wave Technicals
Gregor Horvat | Jun 01, 2017 10:29AM ET
AUD/USD is undergoing a sharp drop in the last couple of hours, which gives us an indication that price could be trading in blue sub-wave three as part of wave 3. As such, some temporary corrections may pop up, once blue-wave three finds a base. Price will ideally reach for more weakness and in days ahead touch Fibonacci ratio of 261.8.
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