AUD TREND In my analysis, wave 1 began from 2001-4-2 to 2008-7-14.wave 3 began from 2008-10-27 to2011-7-25. Wave 2 is between wave 1 and wave 3. Wave 2 had fallen below 38.2% of wave 1. According alternation principle, I think wave 4 have completed its goal. Wave 4 has reached between 61.8% and 50% of wave 3. I deem wave 5 began at 2014-1-20 . According wave theory, wave 5 must be higher than top of wave 1 (0.9849). In the present situation, wave 5 is very likely to be a failed wave. It means that wave 5 will not reach the top of wave 3. It is now in wave (iv) stage of wave(1) of wave 5. In consideration of daily support at 0.9208-0.9255, I think Wave (iv) of wave(1) of wave 5 have reached its goal. Otherwise wave(iv) will fall to 0.9000-0.9050. It means that wave 5 is not a impulse wave. I conclude that AUD will fluctuate between 0.9200 and 0.9400.
