might have completed a three-wave correction down from the highs, as we have seen an impulsive bullish turn from the 0.70 level. This rally is a suggestion that an A-B-C move is completed, and a possible five-wave cycle underway. That said, price also broke slightly above the 0.719 bullish level, which can be another evidence that aussie can be turning bullish.
Be aware of temporary pullbacks within a new bullish cycle; wave 2 can alreday be here and looking for support and a turn at the Fib. ratio of 50.0 or 61.8 (0.71/0.708 area).
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.