AUDUSD seems to be targeting 8153
Evidence:
1. Weekly bounce off of 14 year old upwards trend line
2. Bounce off of three year downward channel boundary
3. Strong bottom formation in daily chart
4. CRB nearing 16 year old bottom levels
5. Gold and oil looking for a bottom somewhere around here.
Speculation:
Seems to be targeting a wave IV pullback to 8153 / 8323 area
1. Weekly bounce off of 14 year old upwards trend line
2. Bounce off of three year downward channel boundary
3. Strong bottom formation in daily chart
4. CRB nearing 16 year old bottom levels
5. Gold and oil looking for a bottom somewhere around here.
Speculation:
Seems to be targeting a wave IV pullback to 8153 / 8323 area
