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AUD/USD: Elliott waves (Feb. 10)

Roman Petuchov for FBS

Weekly. Last week we suggested that the construction of a global wave [b] is complete. Consider more detailed markup to see whether this is so.

Chart. Weekly AUD/USD

Daily. On the last section we did see the rise in prices. Most likely, this growth represents the beginning of a new global trend.

Chart. Daily AUD/USD

H4. The market has formed the first wave of the rising impulse. Now the pair’s forming the wave 3, but be careful, because at the beginning of the trend there may deep corrections.

Chart. H4 AUD/USD

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