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Tuesday, March 29, 2011

AUDUSD Forecast (29 Mar 2011)

 

I’ve two counts for the unfolding waves for AUDUSD.  Overall, the pattern looks very corrective to me, and I’m thinking we are still in a wave 4.

GREEN – Counts the pattern as a complex correction with a triangle in the middle.
BLUE – Counts for prices to move higher to complete a wave B before decline.

In the larger term, I looking out for a drop, before a final rally for a wave 5 of V before large decline. AUDUSD_D_29 MAR 2011_v2