- Elliott Waves
- Elliott Waves Explained
- Elliott Wave Magic Illustrated with Wave Charts
- Elliott Wave Edge – How Elliott Wave Traders Win
- Fibonacci Number Series and Elliott Waves
- How to use Fibonacci Ratio Retracements
- Elliott Wave Books
- Ramki’s Watchlist
Elliott Wave Analysis of AUD/USD Australian Dollar
By Ramki2 Comments1 Min Read
Previous Article"Nothing shameful about weak Euro" – FT
Nice analysis Ramki – today commodity and emerging market currencies were sold in size vs the dollar. It seems USD/INR has bottomed out under 45 and could be heading to new highs above 50 in the coming months/quarters? Doesnt the whole move down from 2008 looks corrective?
Thanks. The INR has resistance at the 50% and 61.8% retracement levels. If I remember right these should come at around 47 and 48. At the moment I dont think it will to 50.