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Forex AUDUSD Elliott Wave 18 Sept 2018

Forex AUDUSD Elliott Wave 18 Sept 2018

Forex-AUDUSD-Elliott...

Forex AUDUSD Elliott Wave 18 Sept 2018

AUDUSD 1 Hour Chart
Monday, 17 September 2018 at 6:31:00PM AEST    

Elliott Wave: AUDUSD is also showing bullish set-up for a short-term wave c up, so be aware of RBA in the next 24 hours which can be a catalyst for strong AUD.

 

AUDUSD 4 Hour Chart
Monday, 17 September 2018 at 4:28:00PM AEST

AUDUSD made a nice bounce last week and moved up to 0.7200 level so this can be another corrective rally in three legs. There is a chance for wave 4 to test higher resistance but only as part of ongoing decline within red wave 5. We will look for more weakness after a-b-c rise, but only if market does not break above the upper trendline resistance; a daily close above it will be evidence of a reversal to much higher prices. 
 


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