Wednesday, October 2, 2013

AUD/USD Elliott Wave Analysis

Aussie's retreat after last month's rise to 0.9524 suggests consolidation below this level would be seen and although initial downside bias remains for correction of recent rise towards 0.9215-20, as low has been formed earlier at 0.8848, downside should be limited to 0.9115 and bring another rebound later. A break



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