AUD/USD: Elliott waves (Apr. 14)
By Roman Petuchov
Weekly. After the pair completed the descending correctional wave [b], which took a long time, we saw the beginning of a new uptrend [c].
Chart. Weekly AUD/USD
Daily. At the moment, the pair’s forming the wave (1). After it’s complete, we’ll see a correction (2).
Chart. Daily AUD/USD
H4. The upward momentum is almost fully filled with waves of the junior level. Thus, after a small increase we expect the pair to reverse down.
Chart. H4 AUD/USD