Forex Technical Update June 10, 2010 AUD/USD: Throwing Over to Third Wave
- 4H: Following up with yesterday's AUD/USD post, we are indeed seeing a wave 3 of (c) behavior as the market accelerates. The 4H chart shows the surge hitting the 78.6% retracement at 0.8430.
- The target for (c) wave is at least 0.8550/0.86, as this is equality with wave (a). 150% expansion would bring (c) to 0.88.
Fan Yang Currency Analyst Commodity Trading Advisor
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