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  • AUDUSD Could Reverse To Upside: Elliott Wave Forecast  0 comments
    Dec 19, 2013 4:13 AM

    AUDUSD has extended decline in the last few days, in impulsive manner through 0.8988 low which is probably wave (v) that may complete wave 3 very soon. Notice that pair fell to a new low yesterday and is now testing support zone around 0.8900- 0.8800 where wave five equals to wave one. As such, we could see a reversal to the upside from here especially if we also consider a divergence on the RSI.

    AUDUSD 4h Elliott Wave Analysis

    (click to enlarge)

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    Themes: AUDUSD
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