AUD/USD Outlook – Elliott Waves

In my Elliott Waves update on the Australian Dollar posted in MarketWatch on 6 Febuary 2012, I had discussed my medium-term outlook for the AUD/USD. You might want to read that first. The decline from the high of 1.0856 seen on 29 Feb is looking impulsive,but there is...

Elliott Wave Analysis of AUD/USD (Australian Dollar)

The Elliott Wave analysis of AUD/USD published on 24th May in wavetimes suggested that any recovery to 0.8550 levels will find fresh sellers. The downside objective was below 0.7800. To our delight, the currency ran into a brick wall on 28 May exactly at 0.8551 and is...

Elliott Wave Analysis of AUD/USD Australian Dollar 24 May 2010

There are two interesting developments in a chart that makes me sit up and take notice. One is an extending fifth wave, The other is a failed fifth wave. The Australian Dollar or AUD/USD had posted a failed fifth wave last week and I had warned you to look for a sell...

Elliott Wave Analysis of AUD/USD Australian Dollar

The Australian DOllar or AUD/USD has apparently peaked at 0.9382 as a failed fifth wave. Expect the current weakness to eventually take us down to 0.8225 before chance of a decent recovery. Between, sell any bounce.