Aussie suffered a deeper than expected wave-ii correction but the up move failed at the underside of the recently broken channel. A modest target for wave-iii is symmetry at .9281 a more common target for wave-iii is the 1.618 extension which projects a move to .9172. We expect a resolution to the low end of the Apr/June range where major support surfaces at .9210. S/t, support is .9329 for today and this will promote our wave-iii idea. Resistance is .9400 and now critically at the o/n high of .9457. The daily chart shown Thursday implies that this decline is part of a much larger correction. Conviction: Med/High Levels: Support – .9329, .9281, .9210 Resistance – .9400, .9457, .9505
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