Elliott Wave Analysis: EUR/AUD Could Face Limited Upside

 | Mar 24, 2017 11:34AM ET

EUR/AUD is moving nicely higher, now maybe already in final stages of a wave 5) that can be final leg of a big five wave structure. As such, market can be ready to turn lower, maybe into a new three wave set-back, especially if we consider a divergence on the RSI that also suggests limited upside in the near future.

EUR/AUD, 30 Min