AUD/USD Setting Up

We have a potential 5 wave move to the upside on the AUD/USD. If this can follow-through a bit higher and follow up with a corrective retrace to the downside it would give us a nice setup to the long side.


Michael Golembesky is a senior analyst at ElliottWaveTrader covering US Indices, the US Dollar, and the VIX. He contributes frequently to Avi's Market Alerts service at EWT while also hosting his own VIX Trading service.