2016 has been a year of correction for the Aussie, and going into 2017, we expect the correction to complete with a push up towards 0.8105.
Price is near the completion area of an internal ABC structure around 0.7060 - 0.7090, where we expect price to head higher towards 0.8105.
Hourly is completing an internal 5-wave structure of a larger C wave around 0.7090 - 0.7105.
Trade plan: look for buy opportunities around 0.7090 area targeting 0.8105.
Price is near the completion area of an internal ABC structure around 0.7060 - 0.7090, where we expect price to head higher towards 0.8105.
Hourly is completing an internal 5-wave structure of a larger C wave around 0.7090 - 0.7105.
Trade plan: look for buy opportunities around 0.7090 area targeting 0.8105.
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