AUD/USD Wave analysis and forecast of 20.02 – 27.02: The pair is expected to grow.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk

Estimated pivot point is at the level of 0.7635.
Our opinion: Buy the pair from correction above a level of 0.7635 with a target at 0.7960 – 0.81. In case of breakout and consolidation below the level of 0.7635, the selling target can be set at 0.76 – 0.7550.

Alternative scenario: Breakout and consolidation below a level of 0.7635 will allow the pair to continue declining to the levels 0.76 – 0.7550.

Analysis: Presumably, the development of a long-term bearish impetus has finished. Apparently, the first and second waves have formed within a supposed price reversal, and the third wave is developing. If this assumption is correct and the price does not break the critical level of 0.7635, the pair will continue to rise to the levels 0.7960 – 0.81.

For Detail Analysis, Trading Signals and Complete Forex Training In Urdu Call Us +92-300-6561240, Or Visit http://www.pakeagle.com.pk