Technical Analysis 2017.09.27 - AUD/USD: wave analysis

Wednesday, 27/09/2017 | 09:34 GMT

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The pair is in correction.
On the 4-hour chart the downward correction is developing as a fourth wave iv of the higher level. Locally the formation of the wave (a) of iv is ending. If the assumption is correct, the pair will fall to the level of 0.7725 after the end of the upward correction of the lower level (b) of iv. The level of 0.8125 is critical for this scenario.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/technical-analysis-20170927-audusd-wave-analysis/?camp=24219

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