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Aud/Usd: Moving Towards Parity


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Oct 25 2010

Aud/Usd is trading towards 1.0000 level as expected, as prices made a corrective pull-back in the past week, bottomed at 0.9658 region, labelled as a black wave 4. Wave 5 is now in process and should break above parity level in the near future, which will put 1.0100-1.0150 targets in play. Keep in mind that wave 5 is a motive wave, so it needs to be structured by five waves, before we may look for any type of a larger reversal!

Aud/Usd 4h chart:

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