Elliott Wave Analysis: AUD/USD Reaching For 0.7130
May 24, 2016 at 05:59 AM EDT
AUDUSD is at new lows. So far we have seen a nice leg down, but there is room for more weakness as wave 5 needs to be made by five sub-waves. As such, we remain short-term bearish now for 0.7130, while price is beneath 0.7230.
