On this cross of AUDJPY, we see a possible corrective pullback that can be in late stages. This corrective pullback in the A-B-C form is after a five wave drop from February highs, so there is a good chance for the continuation of this pair to the downside. We will wait for the confirmation of the reversal and if we see 5 waves down and a corrective pullback we...
USD index made an impressive run higher in the last 24 hours, to the upper side of a trading channel where gains can be limited, but not for long. What we see is wave (iii) at the high so pullback will be wave (iv) that can retrace back to 96.00 area before uptrend will continue. We think that price is headed up to 97.00 area in the next few trading...
