Wave analysis
Denis Strelkov
AUD/USD currency pair is moving in the C wave of the 6th order from 1.0343. Within it an impulse subwave C of the 4th order from 1.0106 is also developing. Within the latter there are subwaves A and B of the 3rd order; C subwave is developing from 0.9898. The downside targets are calculated by extension grids 1.0752-1.0051-1.0343, 1.0343-0.9964-1.0106, 1.0106-0.9808-0.9898, 0.9898-0.9663-0.9785.
Nearest resistances:
- 0.9642-40 = gathering of levels - extensions 61.8% � 100%
- 0.9600 = 100%
- 0.9550 = 100%
- 0.9493 = 161.8%
- 0.9642-40 = gathering of levels - extensions 61.8% � 100%
- 0.9600 = 100%
- 0.9550 = 100%
- 0.9493 = 161.8%
At the moment the upside targets are provided by the Fibonacci correction grid 1.0106-0.9663.
Nearest supports:
- 0.9832 = 38.2%
- 0.9885 = 50%
- 0.9937 = 61.8%
- 0.9832 = 38.2%
- 0.9885 = 50%
- 0.9937 = 61.8%
Trades trend - SELL.
Wave levels (annotation):
1st order (the lowest) – a dashed line;
2nd and 3rd order and higher – line width 1, 2, …, etc.
The same is applied to the Fibonacci grids.
1st order (the lowest) – a dashed line;
2nd and 3rd order and higher – line width 1, 2, …, etc.
The same is applied to the Fibonacci grids.
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