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10.02.2012 10:36 AM
AUD/USD Wave Analysis for February 10, 2012

The AUD/USD pair is forming the wave 5 of the 5th order coming from 1.0525. Within this wave the corrective wave B of the 4th order is developing with completed sub-waves A and B of the 2nd order.
The downside targets are calculated according to the correction grids 1.0525-1.0844 and expansion grids 1.0844-1.0739-1.0824.

Nearest support levels:
- 1.0684 = 50%
- 1.0654-47 = accumulation of levels - expansion 161.8% and correction 61.8%
- 1.0549 = expansion 261.8%

The targets for the upside movement provide the expansion grids 1.0231-1.0687-1.0525 and the correction grid for the downside wave 1.0844. The resistance levels for this wave are not available as the wave is not completed yet.
Direction of deals: SELL-deals are recommended as long as the pair remains lower than 1.0824.

This image is no longer relevant

The wave levels (marking):
1st order (the lowest) – dotted line
2nd, 3rd order and higher - line weight 1, 2 etc.
The same is for Fibonacci grids.

 

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