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AUD/USD: Elliott waves (Jan. 27)

Weekly. AUS/USD keeps forming the final downward impulse wave V.

Chart. Weekly AUD/USD

Daily. We are seeing a decline in prices in line with the forecast. The market is moving down in the wave [5].

Chart. Daily AUD/USD

H4. The graph shows the detailed layout of the last section. Now we are seeing the final reduction in the descending impulse wave (5). The pair may continue declining approximately to 0.8530. At this point the downward trend may end. Soon we’ll see the global market reversal.

Chart. H4 AUD/USD

Roman Petuchov for FBS

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