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Aud/Usd Ready To Gain Above Parity!?Top ↑  Elliott Wave Service Twitter Facebook Subscribe to our newsletter Dec 17 The whole price structure on Aud/Usd looks very bullish since the market formed a three wave corrective decline from November highs, followed by a five wave reversal labelled as a red wave 1), which definitely confirms a bullish trend. For the last couple of days the pair was consolidating between 0.9800 region and parity level, and it appears to be a flat correction in wave 2), with a recent wave C move down to 0.9828 region. If our interpretation is correct then bulls should follow immediately with a break through an important 1.0028 resistance, where gains should accelerate into a red wave 3). On the other hand, we are also monitoring an alternate count, which shows that a move from 0.9535 low was in three waves, labelled as a red wave B), which could be part of a complex, huge unfinished blue wave (4) correction! We may switch to this count only if pair falls sharply below 0.9750 support while 1.0028 is in place. Check our services for 45€ per month or 110€ per three months! Learn more Aud/Usd 4h chart  Newsletter archive
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Trading forex, futures, options, stocks, cryptocurrenices or any another trading market carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information that we provide should not be relied upon as a substitute for extensive independent research before making your investment decisions. In no event will we be liable for any loss or damage on your account in connection with, the use of our products. For any real cash investments you have to contact your financial advisor.
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