AUD/USD: Elliot wave analysis
Weekly. AUD/USD keeps forming wave [IV] of C. The critical level of this scenario is shown with the red line. If the pair breaches this line, we’ll adopt another marking.
Chart. Weekly AUD/USD
Daily. If the marking we’ve chosen is correct, we’ll see impulse growth in the wave [V] in the near term.
Chart. Daily AUD/USD
H4. The pair looks ready to begin moving up as the a-b-c Zigzag seems completed.
Chart. H4 AUD/USD
By Roman Petuchov for FBS