AUD/USD: Elliot wave analysis
Weekly. According to our marking,AUD/USD keeps forming wave [IV]. The critical level of this scenario is shown with the red line. If the pair breaches this line, there will be another marking.
Chart. Weekly AUD/USD
Daily. Before the critical level can be hit, there’s some place for the wave С of (z) of [IV].
Chart. Daily AUD/USD
H4. This week we’ll likely see sideways trading in the wave . After that Aussie will get a bit down in the wave . Then the whole impulse in the wave C is over, new uptrend may begin.
Chart. H4 AUD/USD
By Roman Petuchov for FBS