WaveTrack International

Elliott Wave Financial Price Forecasting

AUDUSD – testing an important support level!

by m.tamosauskas| April 22, 2015 | No Comments

Aussie$US$150401

In the last weeks, we witnessed a spectacular bottoming formation on the AUD/US$. The currency pair staged a nice expanding flat before pinpointing its long-term downside objective that was measured by our fib-price-ratio measurements. The following strong price rejection once again has proved the validity of these measurements. There is now a high probability that the AUD/US$ could have completed a multi-year decline:

Aussie$US$150422

Category: AUDUSD, Currencies, Elliott Wave, Elliott Wave Charts, Elliott Wave Patterns, fib-price-ratio, Fibonacci Trading, Financial Forecasting, FX, WaveTrack International

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WaveTrack International is a financial price forecasting company dedicated to the Elliott Wave principle and work of the R.N. Elliott. Clients include Investment Banks, Pension Funds, Total/Absolute-Return/Hedge Funds, Sovereign Wealth Funds, Corporate and Market-Making/Trading institutions and informed individuals -- & just about anyone who is affected by directional price change.

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