The AUDUSD (now at 0.9368) resumed its downtrend after the last rebound to 0.9454, as predicted. Initial targets: 0.9331-0.9324 and 0.9220-0.9198
TARGETS:
likely: 0.9331-0.9324
possibly: 0.9220-0.9198
maybe: 0.9083
ELLIOTT WAVES
As displayed in the weekly chart the AUDUSD is unfolding the 5th wave to complete wave "e". This wave could reach the area 0.8419-0.8303 and lower.
BEST ENTRY
Around 0.9375-78 if it bounces back a bit.
monthly chart - click to enlarge
weekly chart - click to enlarge
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