Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Elliott Wave Charting: Aud/Usd Bearish View

TheLFB Trader Advantage Detail

Elliott Wave Charting: Aud/Usd

Aussie is in the start of a short trend since prices dropped below the black wave 1 support around 0.9080. This breakout and daily close below that level should put a short black wave 3 in play that will target the 0.8940-0.8970 region, but only if resistance at 0.9200 and 0.9250 can hold. Any further declines on commodities and a possible sell-off on S&P futures could help aussie on the short side of the market.

TheLFB AudTheLFB Charting: Aud/Usd 4h view

If you would like to be a part of, to receive a full Elliott wave detail for Aud/Usd (monthly, weekly, daily and 4h charts) and if you want to know what comes next and what to expect from the market, then join us now.

Follow Elliott Wave charts and updates on twitter.


Disclosure: no pos.