Just like the other US Dollar counterparts, Australian Dollar also started to rally during 2000. The pair amazingly has made another new High of the year, by hitting US$0.90 upon the Job Data and Unemployment Rates release of the United States. As we can see, just like most of the pair, Aussie are in the 3rd Wave of the larger degree.
4 Hours Chart
At 4-Hours Chart, the pair currently, the pair rests at 0.8972 area. From the chart, we see that the Wave [ II ] unfold as a triangle. So, we expect the current Wave [ IV ] will unfold sharply. It does, and in fact the Wave [ IV ] looks to have been completed. So, probably we can say AUDUSD are currently in the final Wave [ V ] of the larger degree.*Beware, our prediction is not guaranteed to be accurate. Always control your risk and don't be greedy.
THESE SIGNALS/ ANALYSIS ARE PURE FROM OUR TEAM. PLEASE APPRECIATE OUR HARD WORK AND DON'T BE A COPYCAT.
Elite Bisnes Team
1 comment:
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