Hi María here. Welcome to a new week hope everyone will do great this week.

Did you know?

The international broker InstaForex tends to meet exquisite needs of every single customer working on foreign exchange market. So that every InstaForex client, despite the location, had an access to the currency quotes, a special service q.instaforex.com was launched for all types of mobile devices. More about Instaforex www.fx-megaforex.com

AUDUSD

The AUD/USD pair is moving in the C wave of the 4th order from 1.0377. It includes sub-waves A, B and C of the 2nd order. C goes from 1.0377. The wave also includes its sub-waves A and B of the 1st order, C goes from 1.0333. Lower targets provide correction grids of 1.0377-1.0145, expansion 1.0386-1.0145-1.0377, 1.0377-1.0289-1.0367, 1.0367-1.0231-1.0333.

Support levels:

- 1.0249 = 61.8% expansion

- 1.0228-25 = accumulation of levels – 61.8% and 161.8% expansion

- 1.0197-95 = accumulation of levels - 100% expansion and 78.6% correction.

Resistance levels:

- 1.0374 = 61.8% expansion

- 1.0463 = 100% expansion

Direction of SELL-deals up to 1.0333

Wave levels (marking):

1st order (the lowest) – dotted line

2nd, 3rd order and higher – line weight 1, 2 etc.

The same is for Fibonacci grids.

Have a great day!

María

www.fx-megaforex.com

Smart solutions for your professional trading-