In our last update on 5/23/2015 (see related idea below), we said wave (w) is expected to complete at 1.0623 - 1.066, then buyers should come and push the pair higher in wave (x). Since our last update, current preferred Elliottwave view suggests wave (w) has ended at 1.0646 and pair has bounced as anticipated. Wave (x) is in progress ideally towards 1.077 - 1.08 before another leg lower to complete wave ((x)) towards 1.0337 - 1.044.
We don't like selling wave ((x)) pullback. As far as 1.00 pivot holds in the wave ((x)) pullback, expect buyers to come from 1.0337 - 1.0443 area to push the pair to new high or at least 3 waves higher to correct the decline from 1.0895.per Elliott Wave hedging idea.
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Follow more updates at Twitter: cmellon1976
Website: elliottwave-for.../amember/go.php?r=2670&...
Send email hendra@elliottwave-forecast.com if you want to be in distribution list for Weekly, Daily, and 4 Hour Elliottwave Charts update for these 5 pairs (AUD/NZD, AUD/CAD, NZD/CAD, EUR/NZD, and EUR/CAD)
We don't like selling wave ((x)) pullback. As far as 1.00 pivot holds in the wave ((x)) pullback, expect buyers to come from 1.0337 - 1.0443 area to push the pair to new high or at least 3 waves higher to correct the decline from 1.0895.per Elliott Wave hedging idea.
---------------------------------
Follow more updates at Twitter: cmellon1976
Website: elliottwave-for.../amember/go.php?r=2670&...
Send email hendra@elliottwave-forecast.com if you want to be in distribution list for Weekly, Daily, and 4 Hour Elliottwave Charts update for these 5 pairs (AUD/NZD, AUD/CAD, NZD/CAD, EUR/NZD, and EUR/CAD)
