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AUDUSD Still In A Correction; 0.7416 Possible Turning Point

Discussion in 'Technical Analysis' started by Kaitlin, Jun 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On the AUDUSD we can still see potential upside price action to unfold to our indicated levels for the red wave 2) at 0.7420-40 area, where formal wave iv can act as a resistance and a turning point lower. After wave 2) unfolds, more weakness could be in store.[​IMG]

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