Aussie is turning bullish, as we see it unfolding five waves up from the lows by Elliott wave theory.
Aussie is breaking higher after US CPI data, now coming out of a triangle as shown on the updated count so it appears that we have now five waves up from the low. That’s a change in trend, but we need to be aware of pullbacks and limited upside after the completion of a fifth wave, possibly at 0.69-0.70 area.
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