[B]My picks:[/B] limit entry AUDUSD long at .7190, against .6985, target .7590
[B]Expertise:[/B] Technical
[B]Average Time Frame of Trades:[/B]
The correction from the October low is still underway. The AUDUSD has broken through the 200 day SMA and is at its highest level since early October. Short term support is .7139-.7232. The rally from .6953 is wave v of C and an objective is .7630 (which is where wave v of C would equal wave i of C). This is close to the 50% of the decline from .9822.