AUDUSD : Pair May Reach Higher Levels


AUDUSD keeps trading higher with a sharp impulsive manner that already took out 0.7282 swing. This suggests that leg from 0.6936 is not corrective, rather impulsive so we need five waves up. For now that’s not the case yet so uptrend will continue after three wave set-back in blue wave (iv) that can find a support around 0.7240-0.7280.

AUDUSDaudusdn 4h, 4h

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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 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.