AUDUSD : Downtrend Can Slow Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Another leg down last week from 0.7050 is most-likely wave 5) within extended blue wave 3 that is now in final stages. Notice that price is trading close to important Fibonacci projection area while we see a divergence on the RSI. That said, sooner or later new turn up may follow; this time into wave 4. However, pair may hit 0.6750 before price turns up. AUDUSD, 4H

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