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AUDUSD--Wednesday, January 13, 2009

Going back to a post from a week ago, there were these chart showing an impulsive move up and a 3 wave correction to this move.
100106-0657-audday-a.gif

And:
> 100106-0657-audday-b.gif

Since that time the rally from the end of the 3 wave correction carried on rather convincingly until it got to the level of the initial impulsive top (from late October of last year). It found convincing resistance there.
100113-0851-audday.gif

Posted by Pure Guesswork on January 13, 2010 8:44 AM |

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