Category Archives: AUD/USD

AUDUSD: Wave (5 ) In Play For 0.7300-0.7100

Gregor Horvat

Back in April AUDUSD has turned bullish for some time, but most likely only temporary as rally from the low was having an overlapping structure. We know that this is a characteristics of a contra-trend price action, so trend remains bearish for now within impulse that is in play since mid-2014.We see market moving sharply lower now after broken upward channel, so wave (5) is in play for a move down to 0.7100-0.7300 area. more…