Elliott Wave Binary Options Analysis of AUD/USD

The bigger picture for Binary Options in AUD/USD appears to stay Bearish, with long-term targets in the Minimum 0.8550 to 0.8300 price area.

AUD/USD is currently in a Minor Wave C of a bigger Wave 2 correction. Wave 2’s likely termination point appears to be the 61.8 to 78.6% retracement of Wave 1, which coincides with the 161.8% projection of Wave C around the 0.8965 area.

Low or Put Binary Options hence have a higher probability of success (ending at 20-21:00 GMT), entry prices being carefully considered on the 1-Hour & 4-Hour timeframe before execution, after bearish momentum resumes.

The chart below illustrates AUD/USD’s current correction in Wave 2 – It is possible that the current bullish correction is complete, Wave 2 having already retraced 61.8% of Wave 1, but strong bearish momentum looks highly likely to resume around the given areas above.

Click The Binary Options Elliott Wave Chart Below To Expand:

AUDUSD - Primary Analysis - Feb-04 1721 PM (6 hour)

AUDUSD – Primary Analysis – Feb-04 1721 PM (6 hour)







Should AUD/USD continue to decline, it will be a very impulsive decline – Binary Options traders will stand to make better decisions by waiting for this correction to end soon, before bracing for bearish continuation.

Why Choose Us As Your Safest Binary Options Broker?

Audited Regulated BrokerTrading with Binary International offers traders the opportunity to not only utilize a Highly Advanced, Fast & Efficient Trading Platform to their advantage! Our Third-Party Software Programming Vendors also provide our traders with High Quality Tools, to assist them in their trading efforts on all timeframes.

Major Benefits for Binary Options Traders Also Include:

  • Trade Forex, Stocks, Indices & Commodities all in one account!
  • 100% Free Short-Term Trading Software for all new account holders.
  • Super Fast Execution, Super Fast Withdrawals – Guaranteed.
  • Trade 60second, 5/15-minute, 60-minute and Daily Binary Options & more!
  • Friendly, 24×7 Trader Support at your service!
  • Guaranteed Fast Withdrawals, Fast Execution & 24×7 Support!