Sunday, November 7, 2010

Aud/Usd Glory before the fall

Aud/Usd is a bit hard to count, but this expanded flat scenario looks good to me. It looks like price should go a little higher in wave C of B. This wave C could ofcourse also turn into a wave Y but the implication would remain the same. The strength of the australian dollar compared to that of the euro is remarkable, but both seem to be in B waves, which means that when this wave B is finished, the australian dollar could fall much faster than the euro.

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