AUDUSD: Bears lets get going, deep-sea fish is much much lower

Aussie is seen bearish if we consider that five wave fall through January and down to feb 09 low. More importantly, a bounce from there was slow and overlapping in seven waves; clear corrective recovery which stopped at 61.8% Fib level. Also there is a chance for a H&S top formation if neckline si broken which can cause a drop down to 0.78

Kommentera:

So far so good. Aussie breaks the trendline now looking for that 0.7800.

Kommentera:

the neckline, not the trendline! sorry ;)
GH

Kommentera:

Aussie bears got that deep-sea fish on tick