AUDUSD, almost there

Hi Traders,

The Aussie Dollar (now at 0.7820) might drop to the area 0.7536-0.7505 before bouncing back to 0.8036-0.8067 and higher.


TARGETS

first down to the area 0.7536-0.7505 

then up to:

likely: 0.8036-0.8067
possibly: 0.8168 - 0.8156
maybe: 0.8229-0.8260 

The new targets are marked with blue horizontal line in the monthly, weekly and daily charts.

ELLIOTT WAVES

Note the 4-hour and the 1-hour charts that show the start of sub-minuette wave 5 unfolding down to the area 0.7536-0.7505.





monthly chart, click to enlarge

weekly chart, click to enlarge

daily chart, click to enlarge

4-hour chart, click to enlarge

1-hour chart, click to enlarge