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Forex AUDUSD Elliott Wave 9 October 2018

Forex AUDUSD Elliott Wave 9 October 2018

Forex-AUDUSD-Elliott...

Forex AUDUSD Elliott Wave 9 October 2018

AUDUSD 1 Hour Chart
Tuesday, 9 October 2018 at 12:21:00AM AEST

Aussie is recovering, but we think it's just a part of a correction in wave 4 that can look for resistance around 0.7100 area. As long as it's trading within bearish channel range and below 0.7200 region, we will remain bearish.

audusd1hr10-08

AUDUSD 4 Hour Chart
Monday, 8 October 2018 at 4:42:00PM AEST

AUDUSD completed a corrective retracement from the 0.7082 level which we labelled as corrective wave 4) as part of a downtrend. The following decline from the swing high of 0.7315 level, is now seen as wave 5), final leg of a bearish cycle which can extend its drop towards the 0.7000/0.6940 region.

audusd4hr10-08


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