Normal
Well it finally got going north again. My sometimes dubious EW count suggests that it was a 3, 3, 5, Flat correction hence my bottom call earlier.Fundamentally, I still see reason for the AUD weakening and the US strengethening... but this turnaround seems to have some steam behind it now, breaking the short term downtrend.Maybe as mentioned earlier wave iii extended and this is actually the wave iv completing with another go at parity for wave v followed by a more significant wave 2 correction.
Well it finally got going north again. My sometimes dubious EW count suggests that it was a 3, 3, 5, Flat correction hence my bottom call earlier.
Fundamentally, I still see reason for the AUD weakening and the US strengethening... but this turnaround seems to have some steam behind it now, breaking the short term downtrend.
Maybe as mentioned earlier wave iii extended and this is actually the wave iv completing with another go at parity for wave v followed by a more significant wave 2 correction.
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