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Currency Analyst since 2010

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 [4]. After that Aussie will get a bit down in the wave [5]. Then the whole impulse in the wave C is over, new uptrend may begin.

Chart. H4 AUD/USD

By Roman Petuchov for FBS

AUD
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