I Really Like the AUDUSD Target 1: 1.0499

AUDUSD

We May see higher Prices in the AUDUSD Technically speaking as we have a series of Higher Highs. and Higher Lows.
And according to Elliot wave we have a 1 the 2 wave structure as the Aussie Dollar sets it's self of for a long wave 3 target of 1.0450 the 1.04500

Currently Mr Price is stuck in between the £ moving averages on the daily 8,34,55 As it decides what the next move is  we have

1. CB Leading Index: Monday, 23:00. This composite index is based on seven economic indicators. The index has been declining in recent months, and posted a drop of 0.8% in October. Will the index reverse to negative trend this month?
2. Monetary Policy Meeting Minutes: Tuesday, 00:30. This is a record of the RBA Reserve Bank Board’s most recent meeting, and provides details regarding factors which determined the RBA’s most recent decision to maintain interest rate levels.
3. RBA Governor Glenn Stevens Speaks: Tuesday, 7:00. The RBA Governor will deliver remarks in Melbourne. A speech which is considered more hawkish than expected is bullish for the aussie.
4. MI Leading Index: Tuesday, 23:30. This composite index is based on nine economic indicators. The index has been quite steady, posting gains of around 0.5% in recent months.
5. Chinese Flash Manufacturing PMI: Thursday, 01:45. This PMI has been below the important 50.0 line since last October, indicating ongoing slight contraction in the Chinese manufacturing sector. However, the previous reading came in at 49.1 points, and the markets will be hoping that the PMI will break above the 50 level in November.

On the 4hr time frame

RR: 1.0459

RR: 1.0421
Weekly Pivot : 1.0369
Current Price : 1.0371
SS:  1.0288

SS:   1.0150

There are to plays Break to the up side above weekly Pivot
Break to the down side below 1.0345

AUDUSD Analysis. from forexcycle

below 

AUDUSD bounces from 1.0287, suggesting that consolidation of the downtrend from 1.0480 is underway. Key resistance is located at the upper line of the price channel on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to resume, and another fall towards 1.0200 is still possible. However, a clear break above the channel resistance will indicate that the downtrend from 1.0480 has completed at 1.0287 already, then the following upward movement could bring price back to test 1.0480 resistance.