8 Sep 2020 ● 05:42 AM
The USDAUD contract managed a bounce back after a while. After the most recent decline it is possible to mark a 5 wave decline in wave C. Unless there are more extentions it is possible that one wave lower is done here. The only thing is that C=A near 1.322 as originally considered the length of C has still not been achieved. 1.3815 is the 20dma and if we are unable to cross that then maybe wave v can extend lower to achieve equality to eventually. In short wave v will sudivide into a 5 wave decline if it has to go lower.