AUDUSD Technical Analysis, W1, D1 Wednesday 17-09-2014 Steamed AUDUSD from January 2013 to January 2014, we have seen a five-impulse downward, and now we are in a growth adjustment ABC. Accordingly, the extent of the downward wave B may fall around the level of 0.8870. When you reach this point, investors will be able to see the formation Orgre, which will usher in the last wave of the correction ABC and back above 0.9300. When this happens, it is likely that the market, in the form of the next pulse starts downward again to play against the Australian currency. The situation in the interval D1 confirms the scenario described above and in the near future on the AUDUSD should see further declines. They arise, among others, the formation of RGR and its range, which falls at the level of 0.8900.
Posted on: Wed, 17 Sep 2014 10:48:29 +0000
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