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29 Dec 2014
AUD/USD keeps trading lower – EWForecast
FXStreet (Barcelona) - Gregor Horvat of EW-Forecast expects AUD/USD to push towards the psychological 0.8000 level as it continues to trade lower.
Key Quotes
“AUDUSD keeps trading lower, now making wave 5) more extended and larger than firstly thought. We are looking for a potential drop down to around 0.8000 psychological level before pair could be looking for an important bullish reversal. However, any low in place can only be confirmed by a price action. In our case that means rally back above 0.8276."
Key Quotes
“AUDUSD keeps trading lower, now making wave 5) more extended and larger than firstly thought. We are looking for a potential drop down to around 0.8000 psychological level before pair could be looking for an important bullish reversal. However, any low in place can only be confirmed by a price action. In our case that means rally back above 0.8276."