Sunday, July 24, 2016

AUD/USD - Minor wave 2 is complete

Wave 4 ended at 78.35 and was, as expected, an expanded flat, Now minor wave 2 should be complete so a sharp move south is imminent. The dollar index (DXY) suggests more dollar strength to come and completed a fourth wave as well at 91.92. The minimum target for AUD/USD is a break of the low at 68.27.