AUD/USD Reward and Risk Assessment for Bullish Swing

The Daily time frame shows a confluence of 2 swing projections and the 78.6% retracement level near the 92.0 area, and this has been established in recent posts as the target for the current intermediate term rally. We are now in a second swing that started at 0.88. Read more….

AUD/USD Stays Range-Bound Around 90

Technically speaking, the Aussie has multiple uptrend lines serving as technical cushions along with intraday, 3/2, and 3/1lows. As for the topside, the Aussie has multiple downtrend lines serving as technical barriers along with March highs and the highly psychological .90 level. Read more….

Aud/Usd Flat or Triangle?

Aussie has made a quite powerful turning point around previous wave 3) highs, and we are still watching for a correction structure in a blue wave 4). On the chart below we have actually two possible corrective wave counts which need to be completed before we can start to look… Read more….

Aud/Usd Wave 5) Target, S&P Futures Still Looking for Wave 4 Top

On the Aussie we re-worked the previous bearish wave count into an uptrend continuation count, as the zig-zag correction, discussed yesterday, labeled as wave A, B and C seems to be in place. We can see a clear three wave down from the wave 3) top, to 0.7826 lows; the… Read more….