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AUDUSD : More Upside May Follow

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 28, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    AUDUSD fell towards the lower side of a trading channel last week but it found a support around 0.7100 from where price turned nicely in the last few trading days. In fact, a decline from 0.7384 also appears to be a completed three wave move so we may see more upside by the end of the month. Break of 0.7276 resistance will put more gains in play for wave Y that could then rally towards 0.7440-0.7480 to complete big wave 4). AUDUSD, 4H

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