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AUDUSD : Downtrend Continuation

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    A sharp decline last week took out the lower side of an upward corrective channel which is the most important evidence for a trend continuation, in our case to the downside. So with that in mind we suspect that wave 4) is over and that price is headed to a new low with a five wave decline down in red wave 5) that can touch even 0.6600-0.6700 area in weeks ahead. AUDUSD, Daily

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