Aussie satisfied our call for a sharp wave-c impulse higher. This rally completed an a-b-c correction and sets the stage for a resumption of the late ‘13 downtrend. A new break of .8890/50 is the first sign of an eventual move to new lows. (daily) S/t, an up channel gave way to weakness once the 5-wave rally completed yesterday. The first 5 wave decline from the highs is nearly complete and just waiting for one more push lower through .8928. Key resistance is now .9007. Look for a head & shoulders top to form with neckline support at .8907 Conviction: Med/High Levels: Support – ..8927, .8907, .8826 Resistance – .9007, .9038, .9067
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