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FX.co ★ AUD/USD Elliott Wave trading recommendations for 7th June 2016

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Forex Analysis:::2016-06-06T23:57:02

AUD/USD Elliott Wave trading recommendations for 7th June 2016

AUD/USD Elliott Wave trading recommendations for 7th June 2016

AUD/USD is starting to look good for a drop from here since our analysis yesterday. The RSI has formed a bearish divergence vs the price and gives us more confidence of a drop from here to 0.7225. We're also at a key fibonacci retracement level now.

Trading recommendations:

Sell now

Take profit at 0.7225

Stop loss at 0.7500

Analyst InstaForex
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