The Australian Dollar is turning upwards.

Assumingly, the formation of the fifth wave of the senior level 5 has finished. Locally, as it seems, the development of the last fifth wave v of 5 of the junior level has finished, and a starting upward impetus is forming. If the assumption is correct and the price does not break through the critical level of 0.6903, the pair continues growing towards 0.7400.

Trading tips

Buy the pair above the level of 0.6903 with the target at 0.7400.

Alternative scenario

The breakdown and consolidation below the level of 0.6903 would allow the pair to decline further to 0.6800-0.6700.

AUD/USD: wave analysis

AUD/USD: wave analysis




The material published on this page is produced by LiteForex and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.



!-- Go to www.addthis.com/dashboard to customize your tools -->