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Australian Dollar Dips After a Wild Friday

Australian Dollar Dips After a Wild Friday

2011-03-14 14:35:00
Jsaettele,
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Daily Bars

eliottWaves_aud-usd_body_audusd.png, Australian Dollar Dips After a Wild Friday

Prepared by Jamie Saettele

While it is too early to proclaim that the AUDUSD has topped for good, I continue to favor the downside against 10200 as per the 5 wave rallies at multiple degrees of trend. On Friday, the pair rallied furiously into the close. However, notice the tendency for large range days to be fully retraced in a matter of days.

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