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
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