Commentary: We wrote last week that “is our contention that price will drop below .9106 before the Aussie finds good demand. The pattern is unfolding as expected so favor the downside until at least a break below .9106.”
After plummeting below .8800, the AUDUSD found solid support at the former 4th wave. Still, it appears that one more low (below .8753) is required before we’ll see a larger rally.
Strategy: Flat