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German DAX

On German DAX we are looking lower with one more corrective pullback in the blue wave iv to unfold to around 10.463 and later with one more drop in the blue wave v to probably 123.6 or 138.2 Fibonacci support levels.

German DAX, 1H

dax-1-5

AUDUSD

AUDUSD is undergoing a nice impulsive fall from the recent highs at 0.7732 level. From there we can count almost a completed five wave sequence with a bit more downside to go. Black wave 3 should complete at a support around the 0.7490 area, that can be followed by a pullback in the black wave 4 with resistance at the 0.7555 zone.

AUDUSD, 1H

audusd-1-3