AUDUSD: More Wekaness In View, Ideally Towards 0.745

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Worse than expected AUD CPI figures sent AUDUSD pair sharply down, more than 150 pips in the last few hours so looks like that top is already in place here. However, we would still love to see weakness towards 161.8% Fibonacci level before we may consider shorting this pair on pullbacks.

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AUDUSD, 1H

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.