26 Mar 2015
AUD/USD might test 0.8000 before turning lower – EW-Forecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast, shares the outlook for AUD/USD using Elliott Wave Analysis.
Key Quotes
“AUDUSD turned up from 0.7560, probably into a complex corrective pattern that we think it's wave (4) as shown on the updated count.”
“We are tracking a double zigzag from the low, with a second underway towards higher levels.”
“We may see a retest of 0.8000 psychological level before market may turn down again, for wave (5).”
Key Quotes
“AUDUSD turned up from 0.7560, probably into a complex corrective pattern that we think it's wave (4) as shown on the updated count.”
“We are tracking a double zigzag from the low, with a second underway towards higher levels.”
“We may see a retest of 0.8000 psychological level before market may turn down again, for wave (5).”