Forex Trading Strategies AUDUSD Elliott Wave
Leading Elliott Wave Technical Analysis For AUDUSD.
We are now in an Impulse wave downwards expect a three wave counter trend before the trend continues down

AUDUSD 1 Hour Chart Elliott Wave

Tuesday, 1 November 2011 at 8:35:00PM AEST

Australian dollar is one of the weakest after RBA cut rates to 4.5%. Notice that move from the top has unfolded in five waves, so technically speaking top is in place, and pair will fall much deeper. For now we are monitoring two counts, but as things stand right now, we really like the first one! Incomplete impulsive decline with wave four pull-backs still to come! In such case 1.0506 should not be reached!

AUDUSD 4 Hour Chart Elliott Wave

Tuesday, 1 November 2011 at 6:50:00PM AEST - pair turned bearish

Aussie reversed impulsively from the pick, and is now trading very close to previous wave A) highs. An overlap here will be just another evidence and confirmation for current bearish reversal. We definitely expect more weakness in coming sessions, with at least 3-waves on the downside. Currently, pair still failing only in 1st leg of that pull-back.

CFD Forex Day Trading Strategies: Technical Analysis AUDUSD

AUDUSD 0.9910
Technical Analysis
TradingLevels: Resistance 1.00 Support 98.00 The retesting pattern is much the same as the Euro and Commodities basically a small wave four, the question is, is it completed. It can be but it can also only be the first leg of three legs/ swings, if it is three swings its not going very far from the 1.00 and if it is completed then expect a move to 98 and to trade that would need to see 99 as resistance…
Elliott Wave: short term, expect a bounce off 99 in three waves then down through 99
Trading Strategies:  Continue to scalp through the sublevels while around 1.00
11:30am  AUD        Monetary Policy Meeting Minutes