Tuesday, July 2, 2013

Elliott wave analysis of GBP/USD and AUD/USD - Short term update

 GBP/USD

Is close to a bottom, which should provide a low risk GBP-buying opportunity, with a stop just below 1.5008.

AUD/USD

Is close to a bottom too, but as long as minor resistance at 0.9344 protects the upside we could see one last decline closer to 0.8966

No comments:

Post a Comment