The Australian dollar went through a roller-coaster ride last week, despite rebounding initially to as high as 1.0889 (over 300 points from the reaction low of 1.0537), aussie ran into heavy selling pressure there as suggested (we recommended to sell at 1.0875 for 1.0600), price did tumble in line with
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Elliott Wave Theory is a method of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology. The theory identifies waves identified as impulse waves that set up a pattern and corrective waves that oppose the larger trend.
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