AUD/USD; Maybe a Flat Instead of a Zig Zag

Following up with an early post on AUD/USD, the rally causes some adjustments in the Elliott Wave count. I mentioned before that for this to be a wave b, the rally should not have a third wave up above 0.8810. The market ran up to 0.8833 completing an impulse wave

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AUD/USD; Maybe a Flat Instead of a Zig Zag

Tags: aud, rally, usd

This entry was posted on Tuesday, July 20th, 2010 at 2:06 pm and is filed under Action Forex News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.