Caution required on AUD/USD longs from here

Chris Weston

Caution required on AUD/USD longs from here. The pair has now hit the head and shoulder target and from an Elliot wave perspective has met the target of 5th wave sequence. In focus today are China property prices and of course US payrolls


About this contributor

Chris Weston

Chris Weston

Chief Market Strategist, IG Markets

Chris joined IG as a sales trader in 2006, having worked previously at Morgan Stanley, Credit Suisse and Merrill Lynch, gaining exposure to both equity and fixed income trading. After accruing 15 years' experience in financial markets, Chris...

Expertise

No areas of expertise

China currencies

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