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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

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