Sunday, April 16, 2017

#AUDUSD Weekly Elliott Wave Count

#AUDUSD Weekly Elliott Wave Count

I believe the #AUDUSD is completing a wave (4) consolidation and will be heading lower toward the 2009 lows of .6000.

There is also the possibility that the A leg up to .78339 is A of an ABC and the recent consolidation is a B wave triangle and the pair is headed for the .9000 area before lower.  This would make the (1),(2),(3) an ABC down for a A leg and the move to .9000 a possible B leg.