Monday, September 19, 2011
Daily Elliott Wave AUDUSD 19 Sept 2011
Our preferred count on 4-hour chart is that the move from 0.8066 is wave 5 with I: 0,8860, II: 0,8315, wave III is an extended range of 1: 0.9223, 2: 0 8770, 3: 1,0183, IV: 0,9536 and wave 5 of 3 has perhaps ended 1.1081, the price is already below the break level specified breaches 1,0231 (61,8% Fibonacci retracement of 0.9706 to 1 , 1081) and tested the first goal 0,9929 (38,2% Fibonacci retracement from 0.8066 to 1.1081 in), but consider 0.9706 support will be held here.
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Forex Analysis
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