Wednesday, February 26, 2014

AUDUSD - Two Technical Outlooks…Both Suggest It May Be Carving Out A Bottom

Two weeks ago we noted a confluence of technical significance at 0.9080/85 Convergence of 38.2% retracement (Oct-Jan. decline), 2014 high positive reversal objective, and 'according to Elliot Wave analysis once wave-5 is complete it should be followed by a 3-wave correction back lower'. Sure enough, as we envisioned



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