AUD/USD PAIR.

1. Looking at the wave principle, we can be able to tell the market is on its iv wave of the extension of the first wave of C. This is a bearish trend in the Long term. At least for the next few weeks until we can have leg C finished.


2. We have had a strong leg downwards. we now have something like a flat consolidation forming. what does this tell you?
Look for sell positions.

Trade Smart. Manage Your Risk well.