AUDUSD stays bearish rallied from 0.6900 in three waves, but based on the latest price action, we suspect that wave 4) will be much more complex than estimated earlier. We are looking at a triangle now that is placed within a downtrend of a blue wave (5) that will extend to around 0.6700 by the end of the year. After that we will look for a bullish reversal that could take place in 2016.
AUDUSD, Daily
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