Elkana Roveglia BA
Takemytrades.com
AUDUSD has been correcting for the past few weeks and creating a 4th wave correction. We are now at the top of the downtrend and we are looking for an opportunity to sell. Dollar Index looks has found support too. If the $Index will start to buy then expect a sell opportunity of about 300 pips in the AUDUSD. Start by selling the Australian Dollar within the channel and once it breaks the channel and support area at 0.7000 you will want to keep on adding to your positions. Depending on how fast will the AUDUSD sell I will look for first target @ 0.7100 followed by second target @ 0.7050.
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