Aussie Dollar….what next ?

aussie gartley

The embedded chart in this post shows a parallelogram overlaid onto a weekly nearest chart of Aussie dollar futures. The apex at upper right aligns well with a recent point where the Aussie turned down. The apex at bottom right says that we are actually close (a few weeks out) from forming a bottom of some sort. I doubt the Aussie will square price and time, so look instead for some sort of a lower price to occur as the time of this apex draws nigh.  


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