Can AUD Launch a larger counter-trend offensive against the Greenback?

AUD/USD 3 Box PnF chart is being reviewed here purely from a point of view of where the current counter-trend may lead the Aussie against the mighty Greenback.

An established Low Pole with a valid but not active count as shown. For activation we require a pullback where a column of “0” are being ploted. It is matter of time not if.

If this count succeeds in reaching its target (92.7 cents USD) we are still way of getting there.As there is a negative correlation between the direction of the Aussie and the Aussie stock market it is more likely than not that our market is likely to suffer because of rising Aussie.

Wait and see from here on…

Chart is courtesy of

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